- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 30, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting to USD2.8 million (JBIC portion) with F&C Holdings CO., Ltd. (F&C; Headquarters: Aichi Prefecture; Chairman: Taketoshi Fujimaki). The loan is cofinanced with Sumitomo Mitsui Banking Corporation, bringing the total cofinancing amount to USD4.0 million.
The loan is intended to finance the processing and sales business of steel for metal dies by Fujimaki Steel (Thailand) Co., Ltd. (FST), a Thai subsidiary of F&C. The fund will be used for additional capital expenditure for factories.
F&C is a small and medium-sized enterprise (SME) conducting the processing and sales business of steel for metal dies, and it established FST as a processing and sales base in Thailand in April 2011. The company plans further expansion of its business by strengthening FST's manufacturing capability and by expanding its sales to automobile parts makers that operate globally, responding to the growing demand for automobiles in Thailand. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of F&C.
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, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.