Japan Bank for International Cooperation (JBIC) has signed a loan agreement with Chrysanthemum Co., Ltd., an Osaka-based steel wire maker, covering ¥420mn of a syndicated facility. Resona Bank is co-financing the deal, which totals ¥600mn.
| Detail | Value |
|---|---|
| JBIC loan portion | ¥420mn |
| Total syndicated loan (with Resona Bank) | ¥600mn |
| Chrysanthemum founded | 1960 |
| Vietnam subsidiary (CSQ) established | September 2025, Quang Nam province |
The money funds Chrysanthemum Quangnam Co.,Ltd (CSQ), the parent company's Vietnamese subsidiary, and is earmarked for factory construction and equipment installation. CSQ will manufacture and sell steel wire. Chrysanthemum, founded in 1960, makes control-cable steel wire for transport machinery as its main product.
Chrysanthemum established CSQ in Vietnam's Quang Nam province in September 2025. The company says the loan is meant to add production capacity and build an integrated manufacturing chain inside Vietnam.
JBIC casts the loan as support for a Japanese small or medium-sized enterprise expanding abroad. The bank says financing of this kind helps keep Japanese industry competitive internationally and strengthens the supply chains of Japanese firms operating in Vietnam and comparable markets. As a public financial institution, JBIC says it intends to keep working alongside private lenders such as Resona Bank to back SME expansion into Southeast Asia and other growth markets.
The release does not specify a completion date for the plant, the loan's interest rate, or its repayment term.