- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
November 7, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB70 million (JBIC portion) with HIDAKA SUZUTOKU (Thailand) Co., LTD. (HST), a Thai affiliate of SUZUTOKU HOLDINGS Co., LTD. (SUZUTOKU HD; Headquarters: Tokyo; President: Kiyoshi Ito). The loan is cofinanced with The Chiba Bank, Ltd.
This loan is intended to fund the purchase of facilities and equipment required for the processing and sales business of recycling metal scraps to be conducted by HST in Chonburi Province, Thailand.
SUZUTOKU HD is a small and medium-sized enterprise (SME) set up as a holding company supervising its group companies engaged in the processing and sales of metal scraps. In 2014, SUZUTOKU HD established HST which is a joint venture with Hidaka Holdings (2008) Co., Ltd., a Thai local company conducting the same business, as a processing and sales base of metal scraps in Thailand. Backed by robust economic growth, demand for automobiles and household appliances will continue to grow vigorously in Thailand. Thus, metal scraps generated in factories can be secured stably, and demand for steel produced by using metal straps is expected to increase. Therefore, SUZUTOKU HD intends to expand its business in Thailand through HST. By supporting the overseas business deployment of SUZUTOKU HD, this loan will 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, including loans to meet the needs of local currency funds, for structuring projects, and performing its risk-assuming function.