- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 16, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today, a loan agreement totaling up to THB24 million (JBIC portion) with FC Laboratories Co., Ltd. (FCL), a subsidiary of Facelabo Co., Ltd. (Facelabo; Headquarters: Shizuoka Prefecture; President & CEO: Kenta Asahina) in Thailand. The loan is cofinanced with The Shimizu Bank, Ltd.
This loan in the local currency is intended to finance FCL's manufacturing and sales business of dietary supplements, in Chonburi Province of Thailand. The funds are used for the expansion of its production facilities.
Facelabo, which manufactures and sells cosmetics and dietary supplements, is a small and medium-sized enterprise (SME) and plans to expand its dietary supplements business through FCL for local Thai brands in Thailand, where the demand for dietary supplements is expected to expand with the growing health consciousness and country's steady economic growth. This loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting such overseas expansion of Facelabo.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing markets such as Thailand, by drawing on its various financial facilities and schemes, including loans to meet the needs of local currency funds, for structuring projects, and performing its risk-assuming function.