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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB14 million (JBIC portion) with Katayama Advanced Precision (Thailand) Co., Ltd. (KAPTH), a Thai subsidiary of Katayama Rivet & Screw Co., Ltd. (Katayama Rivet & Screw; Headquarters: Tokyo; President and Representative Director: Shuji Katayama). The loan is cofinanced with The Awa Bank, Ltd.
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This loan is intended to finance the automotive parts and various electronic component manufacturing and sales business of KAPTH in Ayutthaya Province, Thailand. The funds will be used to finance facility expansion.
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Katayama Rivet & Screw is a small and medium-sized enterprise (SME) engaged in the manufacturing and sales of various types of screws, including high precision screws for electronic components, as well as metal products for automobiles. It seeks to expand its business through KAPTH in Thailand and its neighboring countries where demand for electronic components and automotive parts is expected to increase, against the backdrop of economic growth in Southeast Asia. Through the support of such overseas business deployment of Katayama Rivet & Screw by Thai baht loan, this financing will contribute 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 companies, including mid-tier enterprises and SMEs, in growing markets such as Southeast Asia, by drawing on its various financial facilities and schemes, including loans to meet the need for local currency funding, for structuring projects and performing its risk-assuming function.
