- Region: Asia
- Machinery and Equipment
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Manufacturing and Services
- Overseas Investment Loans
January 14, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB42 million (JBIC portion) with FUKUI BYORA (THAILAND) CO., LTD. (FBT) in the Kingdom of Thailand, a subsidiary of FUKUI BYORA CO., LTD. (FUKUI BYORA; Headquarters: Fukui Prefecture; President: Yukio Uchimoto). The loan is cofinanced with The Fukui Bank, Ltd.
This loan is intended to finance, in local currency, FBT to build the manufacturing facility of the special cold- forged parts, mainly for automobiles, in Rayong Province, the central region of Thailand.
FUKUI BYORA is a mid-tier enterprise that designs, manufactures and sells the special cold-forged parts to automobile, home appliance and communication equipment manufacturers. As demand for auto parts is foreseen to grow, mainly in Asia, over the coming years, FUKUI BYORA established FBT in Thailand in February 2013, and intends to expand the business by locally manufacturing and selling the products, in response to overseas business deployment of Japanese automobile related industry in Thailand. The loan will thus contribute to the maintenance and improvement of Japanese industries'international competitiveness through supporting FUKUI BYORA's overseas business deployment.
As Japan's policy-based financial institution, JBIC will continue to support overseas business development of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises (SMEs) in such growing markets as Thailand, responding to local currency needs by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.