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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement amounting to up to RMB5 million (JBIC portion) with Tianjin Mikuni Co., Ltd. (TJM), a Chinese subsidiary of Mikuni Corporation. The loan is co-financed with Resona Bank, Limited, bringing the total co-financing amount to approximately RMB11 million.
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The loan is intended to provide the necessary funds for TJM to enhance its capital investment to accommodate for tightening environmental requirements in the operation of its motorcycle and automotive parts manufacturing and sales business.
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As TJM anticipates that environmental regulations will be tightened in China, the loan will support TJM in introducing equipment to accommodate such regulations, thereby contributing toward global environmental preservation and maintaining and improving the international competitiveness of Japanese industry.
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As Japan’s policy-based financial institution, JBIC will continue to financially support initiatives for sustainable development, including global environmental preservation efforts, and the overseas business expansion of Japanese companies.
