EXIM Thailand Supports Betagro’s Business Expansion
EXIM Thailand Supports Betagro’s Business Expansion in the ASEAN Region
Mrs. Warangkana Wongkhaluang, Senior Executive Vice President, Export-Import Bank of Thailand (EXIM Thailand), and Ms. Thanomvong Taepaisitphongse, Director and Chief Administrative Officer, Betagro Public Company Limited (Betagro), jointly signed a financial support agreement worth 2.8 billion baht with EXIM Thailand to enhance liquidity and support the expansion of Betagro’s business, aiming to meet the demands of consumers both in Thailand and other markets within the ASEAN region. Witnessing the signing were Mrs. Siriwan Intarakumthornchai, Director and Chief Financial Officer, Betagro, and Miss Atchanoma Porntharuckcharoen, Senior Vice President of Corporate Business Department 1, EXIM Thailand, at the Betagro Tower (North Park) Building in Bangkok on August 31, 2023.
EXIM Thailand Senior Executive Vice President said that this financial support is a long-term loan to support Betagro, a capable Thai entrepreneur in the agriculture and food industry, which is essential for livelihoods and serves as a foundation for development in various aspects. This support enables the company to be increasingly well-prepared to be engaging in business operations covering the production and distribution of animal feed, animal medicines, livestock, pork, chicken, chicken eggs, related processed foods, as well as the distribution of related equipment and research and development. This is driven by the goal to promote a better quality of life for people through quality, safe, and affordable food, generating jobs and income for entrepreneurs throughout the production and distribution network across all regions of Thailand. Additionally, the company is expanding investments internationally, particularly in Cambodia, Lao PDR, and Myanmar.
“The financial support provided by EXIM Thailand is a crucial mechanism in creating added value throughout the export value chain (Value-added Integrator). This is aligned with the Bank’s goal of becoming the ‘Green Development Bank’ to facilitate beneficial trade and investment both domestically and internationally for the sustainable development of communities, Thailand the ASEAN region, and the entire world. It creates development opportunities for the agricultural sector, bridges with the industrial sector, and contributes to economic, social and environmental development in a balanced and sustainable manner,” said Mrs. Warangkana.
