IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Apr 2018 | Removal date: open ended
Still in force

Financial assistance in foreign market

The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed a shareholders' agreement on 16 April 2018 with JX Nippon Mining & Metals Corporation ("JXNMM") and JX Metals Deutschland GmbH ("JXMD") to subscribe for classified shares of JXMD amounting up to EUR 85.6 million (ca. USD 105.7 million) that carry no voting rights. The transaction is intended to support JXNMM by financing part of funds required for purchasing all shares in H.C. Starck Tantalum and Niobium GmbH ("HCS TaNb"), from HCS TaNb's shareholder, H.C. Starck GmbH in Germany. 

HCS TaNb, one of the world's leading companies conducting business in the area of development, production, and distribution of Tantalum and Niobium products (high-purity metal powder), a material which is widely used in the Japanese electronics industry. JBIC states that "Through acquisition of HCS TaNb, JXNMM will establish and strengthen the revenue base of its electronic materials business by utilizing HCS TaNb's capabilities; especially in the sectors of production of capacitor applications for ICT equipment and digital appliances, and in the production of sputtering targets for semiconductor applications".  

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

142 Non-ferrous metal ores & concentrates
2615 Niobium, tantalum, vanadium or zirconium ores and concentrates.
261510 Zirconium ores and concentrates

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