- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 3, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB40 million (JBIC portion) with YAMATO-ESULON (THAILAND) CO., LTD. (YET), a Thai subsidiary of Yamato Esulon Co., Ltd. (YAMATO ESULON; Headquarters: Osaka; President: Toshiharu Matsushita). The loan is cofinanced with a private financial institution.
The loan is intended to finance in local currency the plastic products manufacturing and sales business of YET in Chachoengsao Province of eastern Thailand. The fund in local currency will be used for the expansion of production factories and manufacturing facilities.
YAMATO ESULON, which was established in 1956, is a small and medium-sized enterprise (SME) conducting manufacturing and sales business of various synthetic resins, brushes and cosmetics. It established YET in 1991. Against the backdrop of many Japanese companies conducting businesses in Thailand as a production base for Southeast Asia backed by a skilled labor force and developed infrastructure, orders for YET's plastic products remain strong. Under these circumstances, YAMATO ESULON plans to expand its business in Thailand through the expansion of its production factories and manufacturing facilities. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of YAMATO ESULON.
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 Thailand, by drawing on its various financial facilities, including loans to meet the need for local currency funding, and schemes for structuring projects, and performing its risk-assuming function.