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ttb partners with Mitsuphol Sugar for sustainable farmer support

ttb partners with Mitsuphol Sugar for sustainable farmer support

MGR Online•Economy•2d ago

Reader Briefing

Ttb and Mitsuphol Sugar Collaborate to Provide Working Capital Loans and Enhance Sustainability for Sugarcane Farmers

  • •Ttb Bank has partnered with Mitsuphol Sugar, a leading Thai sugar industry player.
  • •The collaboration aims to provide working capital loans (Supply Chain Financing) to sugarcane farmers.
  • •The initiative supports sustainable farming practices, including water management through the 'Oasis for Agriculture' project.
  • •This partnership seeks to strengthen the Thai agricultural sector against climate change impacts like the super El Niño phenomenon in 2026.

Overview

  • •In 2026, ttb and Mitsuphol Sugar will collaborate to address climate change impacts.
  • •Ttb announced a partnership with Mitsuphol Sugar to drive sustainability in the Thai agricultural sector.
  • •Ttb and Mitsuphol Sugar will jointly promote Supply Chain Financing for sugarcane farmers.
  • •The collaboration aims to strengthen the Thai agricultural sector and prepare for climate change risks.
  • •Sugarcane farmers will receive working capital loans to invest in production factors and technology.
  • •The 'Oasis for Agriculture' project, a model for sustainable water management, will be supported.
  • •The partnership aims to mitigate risks from climate change and the super El Niño phenomenon in 2026.
  • •Ttb is the first bank to develop the 'Oasis for Agriculture' project with Mitsuphol Sugar.

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Key Quotes

Wissut Tang-adoolrat
"ttb is the first bank to join the development of this project to strengthen the Thai agricultural sector, preparing to face long-term challenges and risks from climate change and the super El Niño phenomenon in 2026."
ทีทีบีเป็นธนาคารแรกที่เข้ามาร่วมพัฒนาโครงการนี้เพื่อร่วมสร้างความเข้มแข็งให้กับภาคเกษตรไทยพร้อมรับมือกับความท้าทายและความเสี่ยงในระยะยาวจากการเปลี่ยนแปลงสภาพภูมิอากาศและปรากฏการณ์ซูเปอร์เอลนีโญในปี 2026

Key Entities

Organization

ttb Bank(ทีทีบี)ℹ️
A Thai bank that has partnered with Mitsuphol Sugar to support sugarcane farmers with working capital loans and promote sustainable agriculture.
Mitsuphol Sugar(น้ำตาลมิตรผล)ℹ️
A leading Thai sugar industry company and the fourth largest sugar producer globally, partnering with ttb Bank to support farmers and promote sustainability.

Person

Wissut Tang-adoolrat(นายวิสูจน์ ตั้งอดุลย์รัตน์)ℹ️
President of the Business Relationship Management Group at ttb Bank, involved in the partnership with Mitsuphol Sugar.
Olar Sukolvanij(นายโอฬาร ศุกลวณิช)ℹ️
First Vice President, Head of Corporate Business Relationship Management at ttb Bank, participating in the collaboration with Mitsuphol Sugar.
Art Methapiyapapaul(นายอรรถ เมธาพิพัฒนกุล)ℹ️
Executive Vice President, Finance Group at Mitsuphol Sugar, representing the company in the partnership with ttb Bank.

Policy

Supply Chain Financing project(โครงการสนับสนุนสินเชื่อเงินทุนหมุนเวียน (Supply Chain Financing))ℹ️
A financial initiative provided by ttb Bank to sugarcane farmers through Mitsuphol Sugar, aimed at improving liquidity for production investments.