- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 30, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement amounting up to 300 thousand U.S. dollars (JBIC portion) with SANSHIN CHEMICAL INDUSTRY VIETNAM COMPANY LIMITED (SCIV), a subsidiary of Sanshin Chemical Industry Co., Ltd. (Sanshin Chemical; Headquarters: Osaka; Representative Director: Hiroyuki Hiranuma) in Vietnam. The loan is cofinanced with Kansai Urban Banking Corporation, which brings the overall cofinancing amount equivalent to 434 thousand U.S. dollars.
Sanshin Chemical is a small and medium-sized enterprise that manufactures and sells injection molded parts and metallic molds since its foundation in 1957, and in recent years, supplies mainly synthetic resin parts to major electricity, machine, and automobile manufacturers, applying its injection molding technology. The company established SCIV as a first overseas manufacturing base in June 2010, and plans to expand its local market share in Vietnam with the growing economy, by supplying high grade products applying synthetic resin molding technology developed in Japan.
The loan is intended to finance SCIV, a wholly-owned subsidiary of Sanshin Chemical, to expand its production facility of injection molded parts and metallic molds. Thus, this loan contributes to maintaining and improving the international competitiveness of Japanese industries, through supporting of the overseas business deployment of Sanshin Chemical in Vietnam.
As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.div>