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Individual Agreement Based on Credit Line for MUL Subsidiary in Thailand
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs by Promoting Finance Leases

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans
 
January 19, 2016
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed on January 13 two loan agreements in the amount of up to approximately USD2,164 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 USD3,183 thousand.
     
  2. The two loan agreements will secure funding from BMUL in lease financing for the facilities required by the following business operations:

    • Automotive parts heat treatment business of THAI TOHKEN THERMO CO., LTD., a Thai subsidiary of TOHKEN THERMO TECH CO., LTD. (Headquarters: Osaka)
       
    • Automotive parts manufacturing and sales business of YS PRECISION STAMPING (THAILAND) CO., LTD., a joint venture of SUGAWA INDUSTRY CO., LTD. (Headquarters: Tokyo) and YAMAMOTO PRESS SEISAKUSHO CORP. (Headquarters: Tokyo) in Thailand.
       
  3. In recent years, Japanese mid-tier enterprises and SMEs have shown an increasing interest in investing in Thailand. In consequence, 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, 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.
     
  4. 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.
Note
  1. *1 See Press Release on April 1, 2014.

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