Briefs

GE Capital has committed to providing a €75-million (Bt3.1 billion) working-capital facility to PTT Global Chemical’s subsidiary, Vencorex France, to support its operations in Europe.
This is the second facility GE Capital has closed in the past six months to support a Thai company as it expands overseas.
PTTGC, an integrated petrochemical company, took a majority stake in Vencorex in June last year. The rest is held by Perstorp, a speciality chemicals company based in Sweden and owned by PAI Partners.
Vencorex is one of the world’s leading producers of isocyanates – polyurethane-based products used as hardeners in coatings and as raw materials in elastomers and foam products.
The company has three manufacturing facilities in France and one in the United States.

Ananda, Mitsui Fudosan unit in JV
Property firm Ananda Development has signed off with Mitsui Fudosan Residential to establish a joint-venture firm with registered capital of Bt1.8 billion.
The companies will each hold a 49-per-cent stake in the joint venture, which will develop residential projects in Thailand, said Ananda Development CEO Chanond Ruangkritya.
Mitsui Fudosan Residential is a subsidiary of Mitsui Fudosan, which recorded revenue of