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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB70 million (JBIC portion) with Koyama Casting (Thailand) Co., Ltd. (KCT), a Thai subsidiary of KOYAMA Co., Ltd. (Koyama; Headquarters: Nagano prefecture; President: Takahiro Koyama). The loan is cofinanced with private financial institutions, including The Hachijuni Bank, Ltd.
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This loan is intended to finance the casting manufacturing and sales business of KCT in Nakhon Ratchasima Province, Thailand.
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Koyama, established in 1945, is a small and medium-sized enterprise (SME) engaged in the manufacturing and sales of castings, mainly of automobile and construction machinery parts. Given the continued expansion of Japanese automobile and other manufacturers in Thailand, Koyama seeks to sell the castings manufactured by KCT to these companies. Through the support of such overseas business deployment of Koyama 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.
