Loan for Automotive Parts Manufacturing and Sales Business of US Subsidiary of Yazaki Corporation
Supporting Overseas Business Expansion of Japanese Automotive Parts Manufacturer
- Region: North America
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed a loan agreement*1
amounting to up to USD60 million (JBIC portion) with YAZAKI INTERNATIONAL CORPORATION (YIC), a US subsidiary of Yazaki Corporation (Yazaki). The loan is co-financed with MUFG Bank, Ltd., bringing the total co-financing amount to USD100 million.
This loan is intended to provide the necessary funds, through YIC, for YAZAKI NORTH AMERICA, INC. (YNA), another US subsidiary of Yazaki, to manufacture automotive parts such as wire harnesses in Mexico and to sell them in the United States.
The United States is one of the world’s leading automotive markets, and it is expected to continue to grow. YNA has Yazaki’s manufacturing and sales bases for products targeted to the market of the Americas, and it is also a crucial subsidiary to control the Yazaki group’s manufacturing bases in the Americas. The loan will support Yazaki’s overseas business expansion and will contribute toward maintaining and strengthening the international competitiveness of Japanese industry.
As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the overseas expansion of their businesses.
The loan agreement was signed on April 27, 2022.