Picture News
EXIM Thailand, CIMB Thai and TISCO Extend Syndicated Loan of 1.52 Billion Baht to Support UMI???s Business Expansion
Mr. Somporn Chitphentom, Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), Mr. Vorakan Dhepchalerm, First Executive Vice President, CIMB Thai Bank Public Company Limited (CIMB Thai), Ms. Nipa Mekara, Head of Corporate Lending of TISCO Bank Public Company Limited (TISCO Bank), Ms. Voranuch Supaibulpipat, Head of Relationship Management, TISCO Bank???s Corporate Lending, Captain Seranee Phenjati, Chairman of the Board of Directors, Union Mosaic Industry Public Company Limited (UMI), and Ms. Paweena Laowiwatwong, Chairman of the UMI???s Executive Board of Directors and President, signed a syndicated loan facility agreement worth 1.52 billion baht This financial support aims to facilitate the expansion of UMI???s manufacturing capacity and distribution of floor tiles, wall tiles and mosaic tiles under the brands of Duragres and UMI in both domestic and overseas markets. The loan will be used to finance UMI???s acquisition of T.T. Ceramic Company Limited (TTC), a major manufacturer of porcelain tiles, following UMI???s recent joint venture with Royal Ceramic Industry Public Company Limited (RCI), a leading manufacturer of wall tiles, at EXIM Thailand???s Head Office on July 30, 2012.
