- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 10, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling up to USD1,000 thousand (JBIC portion) with SANKOU GIKEN VIETNAM CO., LTD. (SGVC), a Vietnamese subsidiary of SANKOU GIKEN CORPORATION (SANKOU GIKEN; Headquarters: Hiroshima Prefecture; Representative Director & President: Masayoshi Koyama). The loan is cofinanced with The Chugoku Bank, Limited.
The loan is intended to finance the manufacture and sales of various machinery and equipment parts for automobiles and robots for semiconductor manufacturing by SGVC in Binh Duong Province, Vietnam. The fund will be used for the construction of a factory and its production facilities.
SANKOU GIKEN, established in 1978, is a small and medium-sized enterprise (SME) conducting mainly the stamping of various machinery and equipment parts, and the precision processing of metal sheets. With the machinery and equipment parts market for industrial robots being expected to expand in the Asian region, the company established SGVC in Vietnam in April 2013, and plans to expand its market share by building a factory of SGVC. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries by supporting the overseas business deployment of SANKOU GIKEN.
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.