The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on November 22 a loan agreement amounting to up to USD60 million (JBIC portion) with Kawasaki Motores de México, S.A. de C.V. (KMX), a Mexican subsidiary of Kawasaki Motors, Ltd. *1(Kawasaki Motors), which is a member of Kawasaki Heavy Industries Group. The loan is co-financed with Mizuho Bank, Ltd. and MUFG Bank, Ltd., bringing the total co-financing amount to USD100 million.
The loan is intended to finance the funds necessary for KMX to expand its production facilities for off-road four wheelers.
In North America, the market for off-road cars designed mainly for outdoor recreation has been growing. Against this backdrop, Kawasaki Motors, which has planned to strengthen the resilience of the supply chain for off-road wheelers in the region, decided to increase KMX’s manufacturing facilities. The loan will support Kawasaki Motors' overseas business expansion, thereby contributing toward enhancing supply chain resilience and maintaining and improving the international competitiveness of the Japanese automobile industry.
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 industries and assist Japanese companies in the overseas expansion of their businesses.
