- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
March 31, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD500 thousand (JBIC portion) with SAN-EI VN CO., LTD. (SEVN), a Vietnamese subsidiary of SANEI SEISAKUSHO CO., LTD. (SANEI SEISAKUSHO; Headquarters: Osaka Prefecture; Representative Director: Yuji Yamashita). The loan is cofinanced with The Nanto Bank, Ltd., with the overall cofinancing amount reaching USD750 thousand.
This loan is intended to finance SEVN, a Vietnamese subsidiary of SANEI SEISAKUSHO, for providing funds required for the manufacturing and sales business of metal pressed products conducted in Bến Lức district of Long An Province.
SANEI SEISAKUSHO is a small and medium-sized enterprise (SME) conducting the manufacturing and sales of parts of water supply places such as in kitchens and washrooms in residential houses, hotels, etc., drain plugs used in bathrooms, flanges and so forth. Given robust economic growth in Vietnam and its neighboring countries there are increasing needs for expanding residential house-related facilities. Under these circumstances, SANEI SEISAKUSHO intends to expand the market share of the manufacturing and sales business of metal pressed products through SEVN. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment SANEI SEISAKUSHO.
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 such growing markets as Vietnam by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.