- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
March 27, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement with TAKAHATA PRECISION JAPAN CO., LTD. (TAKAHATA; Headquarters: Yamanashi Prefecture; CEO & COO: Yasuo Yamamoto). The loan is cofinanced with Sumitomo Mitsui Banking Corporation, with the overall cofinancing amount adding up to an equivalent of approximately JPY1.5 billion.
This loan is intended to finance the expansion of a plant by TAKAHATA PRECISION (THAILAND) LTD. (TPTH), a sub-subsidiary of TAKAHATA producing plastic and pressed parts for automobiles in Thailand.
TAKAHATA is a small and medium-sized enterprise (SME) engaging in manufacturing and sales of engineering plastic parts, including for automobiles (especially those used for the fuel control system). Given the prospect of increasing demand for automobiles and products in automobile-related industries in Thailand backed by economic growth, TAKAHATA intends to increase the capacity of the plant of TPTH for expanding business in ASEAN countries. This loan will support the overseas business deployment of TPTH and thereby 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 SMEs, in growing markets such as Thailand, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.