- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 24, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to JPY35 million (JBIC portion) with NAKA SEISAKUSHO (THAILAND) CO., LTD. (NAKAT), a Thai subsidiary of NAKA SEISAKUSHO CO., LTD. (NAKA SEISAKUSHO; Headquarters: Osaka; President: Hideki Naka). The loan is cofinanced for the first time with The Kiyo Bank, Ltd., bringing the total cofinancing amount to JPY50 million.
The loan is intended to finance the precision equipment parts manufacturing and sales business of NAKAT in Chonburi Province of eastern Thailand. The funds will be used for the expansion of their manufacturing facilities.
NAKA SEISAKUSHO, which was established in 1980, is a small and medium-sized enterprise (SME) engaged in the manufacturing and sales of precision machinery component, and established NAKAT in 2011. Due to the fact that many Japanese companies are conducting business in Thailand as a production base for Southeast Asia backed by the skilled labor force and developed infrastructure, orders for NAKAT's precision machinery component remains strong. Under these circumstances, the company plans to expand its business in Thailand through the expansion of its manufacturing facilities. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of NAKA SEISAKUSHO.
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 and schemes for structuring projects, and performing its risk-assuming function.