Bangkok--29 Mar--PTT
Mr. Chainoi Puankosoom, President of Rayong Refinery Public Company Limited (RRC), entered into long-term credit facilities agreements in a total amount of Baht 7,000 million with a group of local financial institutions, namely Krung Thai Bank Public Company Limited, Siam Commercial Bank Public Company Limited, Bangkok Bank Public Company Limited, Siam City Bank Public Company Limited, The Government Savings Bank, and TMB Bank Public Company Limited.
Mr. Chainoi Puankosoom, President of RRC, said, “The fund received will be used to partially refinance the existing debt for continuous investment in our expansion project, and also used as working capital for general corporate purpose. The new loans remain under the covenant of existing loans.”
RRC is now implementing the Reforming Complex and Upgrading Complex Projects. Other related projects are under the study for optimized synergies between the expansion project and the existing refinery. With the completion of the Reforming Complex and Upgrading Complex Projects by the end of 2008, the capacity of RRC’s refinery will be raised by 65,000 barrels per day to 210,000 barrels per day. In addition, its production line will be connected with the Aromatics Complex of The Aromatics (Thailand) Public Company Limited, which will enhance the competitive edge of the Company’s business in the long run.”
Tel. 0-2937-1099
Fax 0-2937-1098