- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 11, 2015
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting to USD1,050 thousand (JBIC portion) with SAKAGUCHI SEISAKUSHO CO., LTD. (SAKAGUCHI SEISAKUSHO; Headquarters: Osaka; GENERAL DIRECTOR: Noboru Sakaguchi). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the total cofinancing amount to USD1,500 thousand.
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The loan is intended to finance the industrial plastic products manufacturing and sales business of SAKAGUCHI PLASTIC VIETNAM CO., LTD. (SPV), a Vietnamese subsidiary of SAKAGUCHI SEISAKUSHO. The fund will be used for the construction of its second factory.
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SAKAGUCHI SEISAKUSHO, established in 1964, is a small and medium-sized enterprise (SME) manufacturing and selling industrial plastic products. The company has more than 50 years of history in plastic molding, and handles the entire manufacturing process, such as designing of products, designing and manufacturing of die molds and manufacturing of products, in-house. Since establishing SPV in 2005, the company's first overseas production base in Vietnam, orders for industrial plastic products have remained strong, and the company plans to expand its business in Vietnam through the construction of a second factory. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of SAKAGUCHI SEISAKUSHO.
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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 Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.