- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 8, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to THB56 million (JBIC portion) with BANGKOK-AMC CO., LTD. (BAMC), a Thai subsidiary of Japan A.M.C. Ltd (Japan A.M.C.; Headquarters: Fukui Prefecture; President and Representative Director: Yasuo Yamaguchi). The loan is cofinanced with The Fukui Bank, Ltd.
This loan is intended to finance the hydraulic fittings*1 for construction machinery and automobiles manufacturing and sales business of BAMC in Chonburi Province, Thailand. The funds will be used to finance plant relocation and facility expansion.
Japan A.M.C., established in 1963, is a small and medium-sized enterprise (SME) engaged in the hydraulic fittings manufacturing and sales business. It set up BAMC in 2006, and demand from automobile manufacturers for BAMC's products has been increasing due to the continued deployment of Japanese companies into Thailand to set up production bases for Southeast Asia, backed by the skilled labor force and developed infrastructure. Amid such circumstances, BAMC plans to expand its business in Thailand by relocating from a rented plant, constructing its own, and expanding the facilities. Through the support of such overseas business deployment of Japan A.M.C. by Thai baht loan, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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 funding, for structuring projects and performing its risk-assuming function.
- *1 Hydraulic fittings, which connect two or more parts that transfer oil, are important components in hydraulic systems.