The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger.
The new facility is designed to bolster the company’s presence in the National Capital Region (NCR) by integrating its traditional “flour muscle” with modern rice processing capabilities.
The Climate-Smart Incentive (CSI) program provides around THB 300 million (US$ 9.3 million) to support farmers piloting climate-smart practices.
While the company has not disclosed the plant’s installed processing capacity, TISEZA described the project as one of the largest local agro-industrial investments currently.
The country produces an estimated 300,000 tonnes of rice annually against a national demand of about one million tonnes