- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 12, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB44 million (JBIC portion) with Sagami PCI (Thailand) Co., Ltd. (SPCI), a Thai subsidiary of Sagami PCI Corp. (Sagami PCI; Headquarters: Kanagawa Prefecture; President: Katsuhito Suzuki). The loan is cofinanced with The Bank of Yokohama, Ltd.
This loan is intended to finance SPCI's purchase of machinery and equipment necessary for the expansion of processing and sales business of printed circuit boards in Rayong Province, Thailand.
Sagami PCI is a small and medium-sized enterprise (SME) processing and selling printed circuit boards for electric and electronic machineries and automobile parts. As growing demand for automobile parts is foreseen in Thailand backed with the steady economic growth, the company established SPCI in 2011 as the manufacturing and sales base, and plans to expand the business through the expansion of SPCI's production capacity. The loan will thus contribute to maintaining and strengthening the international competitiveness of Japanese industries by supporting overseas business deployment of Sagami PCI.
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 market such as Thailand, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function, including loans to meet the local currency demands.