The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement amounting to USD4.8 million (JBIC portion) with NRS CORPORATION (NRS). The loan is co-financed with Sumitomo Mitsui Banking Corporation and MUFG Bank, Ltd., bringing the total co-financing amount to USD19.079million.
The loan is intended to provide the necessary funds for NRS LOGIOS AMERICA INC., a US subsidiary established by NRS and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development to conduct business to transport and store chemicals required for semiconductor manufacturing.
NRS has positioned the business as a priority area, as it is expected to continue to grow. NRS aims to capture growing needs by establishing a distribution hub in Arizona, where semiconductor manufacturers are making large-scale investments and, accordingly, the demand for the business will grow. Additionally, NRS will help Japanese semiconductor material manufacturers to strengthen their supply chain resilience with its specialized knowledge and facilities, by offering services to transport and store semiconductor chemicals produced by them. The loan will support NRS's overseas business expansion, thereby contributing toward enhancing supply chain resilience and maintaining and improving the international competitiveness of the 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 by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
