- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 28, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement amounting up to THB55 million (JBIC portion) with SHINSEI MOLDING CO., LTD. (SMCL), a Thai subsidiary of Shinsei Kagaku Kougyo Co., Ltd. (Shinsei Kagaku; Headquarters: Shiga Prefecture; President: Yoichi Miyata). The loan is cofinanced with THE SHIGA BANK, LTD., bringing the overall cofinancing amount to THB80 million.
The loan is intended to finance in local currency the expansion of a manufacturing plant and the addition of production equipment of plastic injection moldings*1 by SMCL in Chonburi Province located in Central Thailand.
Shinsei Kagaku, founded in 1965, is a small and medium-sized enterprise (SME) manufacturing and selling plastic injection moldings such as gaskets for battery (insulation and sealing parts of dry cell battery), and established SMCL in 2007. As the demand for plastic injection moldings of automobile parts is expected to increase in Thailand backed by the steady economic growth, the company plans to expand its business in Thailand through the SMCL's expansion of production facilities. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of Shinsei Kagaku.
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.
- *1 An inject molding product is a product produced by the method in which high-temperature liquid plastic material is injected into a metal mold cavity and cools it for shaping (inject molding method).