The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on January 21 a loan agreement amounting to up to JPY1,050 million (JBIC portion) with YANMAR INTERNATIONAL SINGAPORE PTE. LTD. (YIS), a Singaporean subsidiary of Yanmar Holdings Co., Ltd. (Yanmar). The loan is co-financed with The Norinchukin Bank, bringing the total co-financing amount to JPY1,750 million.
This loan is intended to provide, through YIS, the funds required by YANMAR ENGINE MANUFACTURING INDIA PRIVATE LIMITED (YEMI), an Indian subsidiary of Yanmar, to manufacture and sell industrial engines.
Yanmar established YEMI in November 2018 and has been mass-producing industrial engines at its new factory since January 2022. The industrial engines manufactured at this factory are supplied globally, particularly to Japanese companies operating in India, to be utilized in agricultural and construction machinery. The loan will support Yanmar's overseas business expansion, thereby maintaining and improving the international competitiveness of the Japanese industry and contributing toward enhancing the supply chain resilience of Japanese companies in India.
As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies, in collaboration with private financial institutions.
