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P.T. Hokiruku United Forging Industry

$1.46 million
Project Brief
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MIGA issued a $1.46 million guarantee to Komatsu Ltd, a Japanese company, to cover its equity investment in P.T. Hokuriku United Forging Industry, an Indonesian joint venture. The company will manufacture and export forged machinery parts for construction equipment and commercial vehicles. Through an extensive training program for its forty-six Indonesian employees, the project will transfer modem forging technology and quality standards. The project will have a $3.7 million annual net positive effect on the balance of payments and generate annual tax revenues of over $300,000. MIGA will provide war and civil disturbance coverage for 90 percent of Komatsu's investment for fifteen years.