- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed on January 5 two loan agreements in the amount of up to approximately USD1,097 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). These are individual loan agreements based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs), previously signed with BMUL. The loans are cofinanced with private financial institutions, bringing the total cofinancing amount to approximately USD1,615 thousand.
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The two loan agreements will secure funding from BMUL in lease financing for the facilities required by the following business operations:
- Socks production and sales business of OKAMOTO TEXTILE (THAILAND) CO., LTD., a Thai subsidiary of Okamoto Corporation (Headquarters: Osaka)
- Automotive parts manufacturing and sales business of THAI YANAGAWA CO., LTD., a Thai subsidiary of YANAGAWA SEIKI CO., LTD. (Headquarters: Tokyo)
- Socks production and sales business of OKAMOTO TEXTILE (THAILAND) CO., LTD., a Thai subsidiary of Okamoto Corporation (Headquarters: Osaka)
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In recent years, Thailand has seen an increasing number of Japanese companies enter the market, with Japanese mid-tier enterprises and SMEs also showing a growing interest in investing in the country. As a result, interest and demand for finance leases for capital investment by these mid-tier enterprises and SMEs are growing. Loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required for the business operations of such companies in Thailand, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.
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As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.