- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 10, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement amounting up to 11 million Thai baht (JBIC portion) with KPN SAKAGUCHI CO., LTD. (KPNS) in the Kingdom of Thailand, a subsidiary of SAKAGUCHI SEISAKUSYO CO., LTD. (SAKAGUCHI; Headquarters: Kyoto Prefecture; President: Yuji Sakaguchi). The loan is cofinanced with The KYOTO SHINKIN BANK.
This loan is intended to finance, in local currency, expansion of the automobile parts (pressed parts) manufacturing facility of KPNS located in Chonburi Province, the central region of Thailand.
SAKAGUCHI has been manufacturing and selling pressed parts, such as those used for automobile seat belts, since 1980 and established KPNS in Thailand in 1997. As demand for automobile parts is foreseen to grow in Thailand over the coming years against the backdrop of its economic growth, SAKAGUCHI intends to increase business in the country with the expansion of the production capacity of KPNS to meet the needs of its major business customers. The loan will thus contribute to maintaining and improving the international competitiveness of Japanese industries by supporting the overseas business deployment of SAKAGUCHI.
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-sized enterprises in such growing markets as Thailand, to meet the local currency needs by drawing on its various financial facilities and schemes such as loans for structuring projects and performing its risk-assuming function.