Photo Release: EXIM Thailand Finances Food and Drinks Plc.’s Overseas Expansion of ZUMMER Beverage Business

Monday 13 March 2017 17:29
Mrs. Wantana Mongkolsri (center), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), jointly with Mr. Kasem Deemaitree (left), Chief Executive Officer of Food and Drinks Plc., and Mrs. Chintana Asdornnithee (right), Executive Director of Food and Drinks Plc., a manufacturer and distributor of processed food and beverage under its own brand "ZUMMER" and other brands as an original equipment manufacturer (OEM), recently at EXIM Thailand's Head Office signed a financial facility agreement comprising export credit worth 40 million baht and foreign exchange forward contract line of up to 5 million US dollars. The EXIM Thailand's financial facilities aim to serve working capital requirements of Thai SME exporters wishing to expand their export markets, provide insurance coverage for non-payment of goods by offshore buyers and foreign exchange forward contract line of up to 5 million US dollars to enable the company to venture into new markets with confidence or trade in a larger volume without concerns about possible buyers' payment defaults and foreign exchange fluctuations.

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