- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
October 31, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement with Shinsei Koki Co., Ltd. (Shinsei; Headquarters: Aichi Prefecture; President: Masashi Matsushita). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ Ltd.
The loan is intended to finance Shinsei to provide necessary funds for establishing Shinsei Koki (Thailand) Corp. Ltd. (SKT), its wholly owned subsidiary in Thailand for manufacturing and selling automobile shift levers and their components by SKT.
Shinsei is an automobile parts manufacturer that manufactures and sells automobile shift levers. As demand for automobiles is foreseen to grow against the backdrop of economic growth in the Asian region, Shinsei plans to establish SKT this year in Thailand for expanding its business in this country. This loan will thus contribute to the maintenance and improvement of Japanese industries by supporting SKT's overseas business deployment.
As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises as well as small and medium-sized enterprises in such growing markets as Thailand, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.