- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 4, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today, two loan agreements totaling to USD1,680 thousand (JBIC portion) with TAIKI Corporation, Ltd.(TAIKI; Headquarters: Osaka; President: Koji Nakamura). These loans are cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the overall cofinancing amount equivalent to about USD2,400 thousand.
These loans are intended to finance the cosmetics related products manufacturing and sales business of TAIKI (CAMBODIA) Co., Ltd. (TCCL), a subsidiary of TAIKI in Cambodia. The funds will be used for the construction of production facilities.
TAIKI is a unique small and medium enterprise (SME) with more than 800 worldwide patents, mainly manufacturing cosmetics related products for major cosmetic makers on an OEM production basis. The products include essential makeup items such as makeup brushes, puffs and sponges, and skin care related items such as makeup masks and cleansing sheets, as well as milky lotion and cream for normal skin care. Starting with its US subsidiary, established in 1987 as a sales base, the company is building domestic and overseas sales channels by actively deploying a global network in both production and sales. In the cosmetics industry where competition is fierce, TAIKI plans to expand its market share in the U.S., Europe and Asia, by manufacturing high grade and cost competitive products in Cambodia where there is an abundance of skilled labor. Thereby, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries, through supporting such active overseas expansion of TAIKI. This is JBIC's first loan for the overseas business deployment of a Japanese company to Cambodia.
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 Cambodia, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.