- Region: North America
- Manufacturing and Services
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed a loan agreement*1 amounting to up to USD20.712 million (JBIC portion) with F&P America Mfg., Inc. (FPA), a U.S. subsidiary of F-TECH INC. (F-TECH). The loan is co-financed with Saitama Resona Bank, Limited, bringing the total co-financing amount to USD34.52 million.
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The loan is intended to finance the funds necessary for FPA to conduct the business of manufacturing and selling suspension parts for battery electric vehicles (BEVs) in the State of Ohio in the United States.
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The demand for BEVs has been growing in the global automobile market towards achieving carbon neutrality. In the U.S., BEV sales are expected to increase over the medium to long term. F-TECH, a manufacturer and seller of automotive suspension parts, is focusing on BEV operations in the U.S., and FPA, its U.S. manufacturing and sales subsidiary, has become one of its key bases. F-TECH is planning to expand production facilities at FPA following a recent order for BEV suspension components from an automobile manufacturer.
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This loan supports F-TECH’s production of suspension parts for BEVs, thereby enhancing the company’s competitive edge in the U.S. market. It also contributes toward maintaining and strengthening the international competitiveness of Japanese industry, while reinforcing the resilience of the Japanese automotive supply chain.
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As Japan's policy-based financial institution, JBIC will continue to provide financial support to help with efforts to enhance the supply chain resilience of Japanese industry and assist Japanese companies in the overseas expansion of their businesses.
Note
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The loan agreement was signed on June 30, 2025.
Related Information
*JBIC is not a licensed bank in the State of Ohio.