B Grimm Group, a diversified conglomerate, has enhanced its partnership with Babcock Power International, a US-based company, with the establishment of B Grimm Babcock Power Co Ltd in Thailand. |It aims to market technological products and services for the |power generation and processing industries.

The creation of B Grimm Babcock Power Co Ltd in Thailand consolidated a 13-year relationship, which saw B Grimm Trading Corporation serving as a sales representative for Babcock’s offerings.

B Grimm Babcock Power, registered with Bt15 million in capital, aims to become a leading provider of technological products and services as well as environmental protection know-how for industries in the power generation, petroleum refining and petrochemical industries in Southeast Asia.

“The joint venture enables us to better cover and serve the region’s burgeoning market,” said Preecha Jetsiriroj, division manager of|B Grimm Trading Corporation, |B Grimm Group.

KRUNGSRI AUTO REPORTS 31% RISE IN NEW LOANS

Krungsri Auto, a leader in automotive finance under the Bank of Ayudhya , has announced a 31 per cent loan increase in its first-half results to Bt102.1 billion.

It has also raised its loan growth target for 2018 to Bt378 billion, a year-on-year increase of 17 per cent. Krungsri Auto is moving forward through digitalisation and aims to grab a one-fourth share of the automotive finance market.