ANNOUNCEMENT 28 Sep 2012
On 27 September 2012, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with Nippon Steel Galvanizing (Thailand) Co., Ltd.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 28 September 2012, Loan for Manufacturing and Sales Project of Hot-Dip Galvanized Steel in Thailand: http://www.jbic.go.jp/en/information/press/press-2012/0928-7453
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreement between JBIC and the Thai company Nippon Steel Galvanizing (Thailand) Co., Ltd. has a maximum value of USD 111 million. The company is a subsidiary of the Japanese company Nippon Steel Corporation (NSC). This loan finances the Thai subsidiary's establishment of a new production line of hot-dip galvanised steel sheets in the Rayong Province, Thailand.
In this context, the Bank stated: "This loan will support NSC in its manufacturing and sales of hot-dip galvanized steel sheets in Thailand, thereby contributing to maintaining and improving the international competitiveness of the Japanese steel industry."
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.