- 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 USD1.48 million (JBIC portion) with THS SPRING CO., LTD (THS; Headquarters: Osaka; President: Daisuke Hashimoto). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ Ltd., with the overall cofinancing amount reaching USD2.158 million equivalent.
The loan is intended to finance the production and sales business of plate springs and metal products of VINA TAIYO SPRING CO., LTD., a subsidiary of THS in Vietnam. The fund will be used to expand its production facility.
THS, which was established in 1953, is a small and medium-sized enterprise (SME), manufacturing and selling various thin-plate springs and precision press parts, and the company manufactures a wide range of products including for agricultural instruments, construction machinery, stationery products, electric appliances and automobiles. THS plans to expand its business by expanding the factory and production facilities in Vietnam where the demand for the products related to automobiles is expected to increase backed with the economic growth. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of THS.
As Japan's policy-based financial institution, JBIC will continue to financially support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.