Rayong Refinery PCL Signed a Loan Agreement
Rayong Refinery PCL is a Thailand-based company engaged in the refinery and petrochemical businesses. The company recently announced that it has signed a loan agreement with a group of banks for a total loan amount of THB 23 billion (approximately USD 735 million).
The loan will be used to finance the expansion of the company’s refinery in Rayong province, Thailand. The expansion project aims to increase the refinery’s production capacity and upgrade its facilities to produce higher value-added products.
The loan agreement was signed with a group of six Thai and international banks, including Siam Commercial Bank, Krung Thai Bank, Bank of Ayudhya, Kasikornbank, and Bangkok Bank. The loan has a tenor of eight years and will be used to finance the expansion project, which is expected to be completed in 2023.
The expansion project is expected to benefit Rayong Refinery PCL by increasing its production capacity and enabling it to produce higher value-added products. It is also expected to boost the local economy in Rayong province by creating employment opportunities and contributing to the development of the region.
conclusion
The loan agreement signed by Rayong Refinery PCL with a group of banks will finance the expansion of the company’s refinery in Rayong province, Thailand. The expansion project aims to increase the refinery’s production capacity and upgrade its facilities to produce higher value-added products, which is expected to benefit the company and the local economy in the region.
Frequently Asked Questions
What is Rayong Refinery PCL?
- Rayong Refinery PCL is a Thailand-based company engaged in the refinery and petrochemical businesses.
What is the purpose of the loan agreement signed by Rayong Refinery PCL?
The loan agreement was signed to finance the expansion of the company’s refinery in Rayong province, Thailand. The expansion project aims to increase the refinery’s production capacity and upgrade its facilities to produce higher value-added products.
How much is the loan amount?
The loan amount is THB 23 billion (approximately USD 735 million).
Who are the lenders for the loan agreement?
The loan was provided by a group of six Thai and international banks, including Siam Commercial Bank, Krung Thai Bank, Bank of Ayudhya, Kasikornbank, and Bangkok Bank.
What is the tenor of the loan?
The loan has a tenor of eight years.
When is the expansion project expected to be completed?
The expansion project is expected to be completed in 2023.
How will the expansion project benefit Rayong Refinery PCL and the local economy?
The expansion project is expected to benefit Rayong Refinery PCL by increasing its production capacity and enabling it to produce higher value-added products. It is also expected to boost the local economy in Rayong province by creating employment opportunities and contributing to the development of the region.