- Region: Asia
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 4, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB27 million (JBIC portion) with Oxiso (Thailand) Co., Ltd. (OTC), a Thai subsidiary of Oxiso Co., Ltd. (Oxiso; Headquarters: Shizuoka Prefecture; President: Tomie Oishi). The loan is cofinanced with The Hamamatsu Shinkin Bank.
The loan is intended to finance, in local currency, the metal surface treatment business of OTC in Chonburi Province, Thailand.
Oxiso is a small and medium-sized enterprise (SME) conducting surface improvement of transportation equipment parts and metal molds, and established OTC as its first overseas base in Thailand where Japanese automobile and other manufacturers are expanding their businesses against the backdrop of the steady economic growth of Asian countries. The company plans to expand its business through OTC. Thus, this loan will contribute to maintaining and strengthening the international competiveness of Japanese industries through supporting the overseas business deployment of Oxiso.
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, including loans to meet the need for local currency funds, for structuring projects and performing its risk-assuming function.