- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
March 13, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement with NIHON F.T.B CO., LTD. (NFTB; Headquarters: Saitama Prefecture; Representative Director: Ryoukichi Kazui). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU). The overall cofinancing amount is JPY300 million.
The loan is intended to provide NFTB with the funds necessary for establishing NIHON F.T.B. (Thailand) CO., LTD. (FTB THAI), a wholly-owned subsidiary of NFTB in the Kingdom of Thailand that manufactures and sells plastic molded products.
NIHON F.T.B CO., LTD. is a plastic product maker manufacturing and selling plastic molded products for office automation equipment such as multi-functional digital office machines. Given the prospect of increasing demand for multi-functional digital office machines against the background of economic growth in emerging countries, NFTB established FTB THAI in Thailand in March 2013 and intends to expand business in emerging countries by manufacturing and selling its products to Japanese multi-functional digital office machine manufacturers from its base in Thailand. This loan will support the overseas business deployment of FTB THAI and thus contribute to maintaining and improving the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium enterprises in growing markets such as Thailand, by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function.