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The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on December 24 a loan agreement amounting to up to THB198 million (JBIC portion) with K Line Container Service (Thailand) Ltd. (KCST), a Thai subsidiary of Kawasaki Kisen Kaisha, Ltd. (Kawasaki Kisen). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to THB330 million.
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The loan is intended to finance the funds necessary for Kawasaki Kisen’s Thai subsidiary KCST to build a new warehouse for its dry warehouse business in the province of Samut Prakan.
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In its Management Plan in Fiscal Year 2021, Kawasaki Kisen aims to develop a global business, especially in Asia, and the company regards Thailand as one of the key logistics locations in Southeast Asia. Having established KCST in 1988, Kawasaki Kisen has been conducting the storage and logistics business based on its strong relationship with Japanese companies that expanded their businesses to Thailand. As the need for storage is rapidly growing in Thailand, Kawasaki Kisen is planning to build a new warehouse to capture the needs including those in the Thai e-commerce market, which was the world’s sixth largest in FY2019, and to accommodate a wider range of goods, in addition to the goods targeted for domestic consumers by local companies.
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The loan will support Kawasaki Kisen’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
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As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities, including loans to meet the need for funds in local currencies, as well as schemes for structuring projects and performing its risk-assuming function.
