Bangkok--13 Sep--EXIM Thailand
EXIM Thailand signs a loan agreement of 500 million baht with Thai Foods Group to support the expansion of its integrated livestock business into AEC in 2015.
Mr. Kanit Sukonthaman, President of Export-Import Bank of Thailand (EXIM Thailand), and Dr. Chaisaks Boonprasopthanachote, Chief Executive Officer of Thai Foods Group Co., Ltd. (TFG), co-signed a 500-million-baht loan agreement on September 12, 2012 at EXIM Thailand’s Head Office. The objective is to provide working capital loans in support of TFG’s integrated livestock business operations ranging from animal feeds, poultry breeding and farming, production of fresh, chilled and frozen chicken to animal healthcare products for domestic sale as well as business expansion into the ASEAN Economic Community (AEC).
With over two decades of experience in livestock business, TFG is Thailand’s major integrated livestock group of companies concentrating mainly on the domestic market. Also considered an indirect exporter, TFG distributes products of export standard to exporters while contributing to the Thailand’s agro-industry development and growth of processed chicken export. Currently, TFG is expanding its business capability to meet increased consumers’ demand, following the advent of the AEC in 2015.
“The loan signifies EXIM Thailand’s support to Thai entrepreneurs with potential while furthering the development of Thailand’s agro-industry. By promoting Thai food products and ingredients, EXIM Thailand also helps foster the reputation of Thai cuisine in the global marketplace,” said Mr. Kanit.
For further information, please contact Public Relations Division, Office of Top Management
Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1140-7