- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 12, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB100 million (JBIC portion) with THAI METALTECH COMPANY, LIMITED (TMC), a subsidiary of METALTECH Ltd. (METALTECH; Headquarters: Aichi Prefecture; President: Ryuichi Yajima). The loan is cofinanced with The Hyakujushi Bank, Ltd. and The Chugoku Bank, Ltd.
This loan is intended to finance TMC, which manufactures and sells automobile parts, in Rayong Province, the central region of Thailand, for mainly expanding its plant facility.
METALTECH, which started business in 1923, is a long-standing small and medium-sized enterprise (SME) with the strengths in metal stamping and manufactures and sells automobile underbody parts mostly to major automobile manufactures. In October 2011, the company established TMC as a METALTECH automobile parts supply base in Thailand, where the demand of the products by Japanese automobile manufactures and related industry is expected to expand with the country's steady economic growth, and plans to further expand its market share by this expansion of plant facilities. The loan will support such overseas business deployment of METALTECH and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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 for structuring projects, and performing its risk-assuming function.