Recently, American Katerra has taken out the parent-child loan from Shoko Chukin Bank and used it to manage the parent company (Yamaguchi Heavy Industries) funds through PNC Bank. We are strategically positioning ourselves to ensure the optimal use of our financial resources, whilst diversifying into the steel market. PNC Bank has kindly sent us a gift in honor of this collaboration and our dedication to sustainable development. This thoughtful gift provides complimentary premium banking services to optimize our fund management. The parent-child loan structure, which allows for streamlined financial operations, reinforces the goal of reducing our carbon footprint and optimizing supply chains.
How This Fits Into Our Mission
Shoko Chukin Bank’s New York Branch provided $1 million in financing for us to take advantage of U.S. opportunities in steel structures based on earlier support Yamaguchi Heavy Industries received. It corresponds with our parent’s PAS2080 carbon management certification, and is designed to ensure practices are sustainable from design to construction. By managing these funds at PNC Bank, we’re optimizing our resources for projects focused on green steel strategies and low-carbon innovations.
Thank You for the Heartfelt Gift
We would like to thank our benefactors and partners PNC Bank for this great gift we received and Shoko Chukin Bank for the support we got through this past year. And these partnerships are so essential as we grow — we hire for steel fabrication jobs and continue to provide premium services to our clients. Please allow me to update you on our ongoing journey towards a sustainable future. Reach out to us and feel free to visit our Services page or connect with us to find out how we can partner for your next project!
