- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 11, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on December 10 a loan agreement amounting up to 50 million Thai baht (JBIC portion) with BENDA (THAILAND) CO., LTD. (BTC) in the Kingdom of Thailand, a subsidiary of BENDA KOGYO CO., LTD. (BENDA; Headquarters: Hiroshima Prefecture; President: Kazunari Yashiro). The loan is cofinanced with private financial institution.
This loan is intended to finance, in local currency, the establishment of an automobile parts (such as metal ring gears) manufacturing plant of BTC located in Rayong Province, the central region of Thailand.
BENDA is a small and medium-sized enterprise manufacturing and selling automobile parts. Given the prospect of growing demand for automobile parts in Asia over the coming years, the company intends to increase business in Thailand by establishing BTC this year 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 overseas business deployment of BENDA.
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 by performing its risk-assuming function.