- Region: Asia
- Manufacturing and Services
- Overseas Investment Loans
December 9, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement amounting up to 10 million U.S. dollars (JBIC portion) with Meiko Electronics Vietnam Co., Ltd. (MEV), a subsidiary of Meiko Electronics Co., Ltd. (Meiko) in the Socialist Republic of Vietnam. The loan is cofinanced with Mizuho Bank, Ltd. with the overall cofinancing amount reaching 20 million U.S. dollars.
This loan is intended to finance the expansion of a printed circuit board (PCB) production facility undertaken by MEV in Vietnam.
Amid globally increasing demand for various electronic products and devices, including smart phones, tablet PCs and on-vehicle electronic components, demand for PCBs built in them is expected to expand steadily. Meiko established MEV in 2006 along with overseas business deployment of its major business customers, and plans to meet such global growth of PCB demand through the expansion of its production facility. Thus, this loan will support overseas business deployment of Meiko, thereby contributing to the maintenance and improvement of the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.