JCM Engineering Concept Co, a factory construction company, has set up an arrangement with banks to finance the building of factories for small- and medium-sized companies (SMEs).
The company will screen its customers and for those with solid backgrounds, it will arrange financial packages at maximum lending rates of 5%, according to Somchai Theera-angkananon, the company's chief executive.
In the beginning stages of its 25 years of operation, Mr Somchai said JCM worked with SMEs by helping them with feasibility studies on establishing factories. As a result, the company was able to offer them a turnkey service that included pre-designed facilities at the lowest possible cost.
He said that, with so much excess liquidity currently existing in the market, now was a good time for Thai companies to invest in their own production projects adding that several banks were willing to grant loans to good operators.
