AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and the Thai company SANGO Thai Automotive Parts Company, Limited was signed on 17 September 2014. The loan has a maximum value of THB 700 million (USD 21.7 million). The Thai company is a subsidiary of Japanese Sango Co., Ltd.
The loan supports the Thai subsidiary's manufacturing and sales business of automotive parts including automotive exhaust system parts in Thailand.
In this context, the bank stated: "This loan will support the overseas business deployment of SANGO (ed. Sango Co., Ltd), and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries."
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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