- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 29, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB25 million (JBIC portion) with Saraya MFG. (Thailand) Co., Ltd. (SMTC), a Thai subsidiary of Saraya Co., Ltd. (Saraya; Headquarters: Osaka; President: Yusuke Saraya). The loan is cofinanced with Mizuho Bank, Ltd., bringing the total cofinancing amount to THB40 million.
The loan is intended to finance, in local currency, the health and hygiene products manufacturing and sales business of SMTC at Amata Nakorn in Chonburi Province, Thailand.
Saraya, established in 1959, a small and medium-sized enterprise (SME) engaged in the manufacture and sales of health and hygiene products, established SMTC in 2004. The company plans to expand its market share of health and hygiene products manufacturing and sales through SMTC, while demand for various sanitation products such as liquid soap, detergent and disinfectant is expected to increase backed by the steady economic growth of Thailand and neighboring countries. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of Saraya.
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.