MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Loan for Manufacturing and Sales of Automotive Seat Parts:
Supporting Overseas Business Deployment of SMEs with Local Currency Loan

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans

February 4, 2014
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB25 million (Thai Baht; JBIC portion) with YOKOYAMA KOGYO (THAILAND) CO., LTD. (YKT) in the Kingdom of Thailand, which is a subsidiary of YOKOYAMA KOGYO Co., LTD. (YOKOYAMA KOGYO; Headquarters: Aichi Prefecture; President: Masahisa Yokoyama). The loan is cofinanced with a private financial institution.
     
  2. This loan is intended to finance, in local currency, the expansion of a building and additional installation of machinery for manufacturing seat parts for automobiles in a plant located in Rayong Province, the central region of Thailand.
     
  3. Since starting business in 1951, YOKOYAMA KOGYO is a small and medium-sized enterprise (SME) engaged in manufacturing and sales of automotive seat parts, among others. The company particularly has strength in metal stamping and welding processes, supplying its products primarily to the Tier 1 suppliers in the automobile industry. In December 2010, YOKOYAMA KOGYO established YKT as its first overseas manufacturing base with the prospect of increasing demand for automobiles and automobile-related industry in Thailand registering stable economic growth. The company is keen to expand business in Thailand with this additional investment. This loan, which supports overseas business deployment of companies like YOKOYAMA KOGYO, will contribute to the maintenance and improvement of the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing markets such as Thailand, to meet the local currency needs by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.

Related Information

Search press releases

Fiscal Years
Sectors
Region
Finance Menu