The Japan Bank for International Cooperation (JBIC, Governor: HAYASHI Nobumitsu) signed on March 29 a loan agreement amounting to up to THB1,005 million (JBIC portion) with Thai-Yazaki Electric Wire Co., Ltd. (TYE), a Thai subsidiary of Yazaki Corporation (Yazaki). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to THB1,675 million.
This loan is intended to provide the necessary funds for TYE to renovate the manufacturing equipment of aluminum electric wires.
Yazaki manufactures and sells electric wires in Thailand. Amid the recent surge in the demand for electric power in the country, Yazaki is planning to expand TYE’s manufacturing equipment for aluminum electric wires to be used for the transmission and distribution networks, which are being built by public power companies in Thailand, major clients of TYE. The loan will support Yazaki’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies, by extending local currency loans.
