ICHI partners to set up new fertilizer company with 150 million baht capital

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Summary · why it matters

Ichitan Group, or ICHI, is expanding into the fertilizer business by partnering with EYW Group Holding, or HoldCo, to establish a new joint venture company named Ton Fertilizer with a registered capital of 150 million baht. The company will operate the import, production, and distribution of granular fertilizer for field crops and horticultural crops. ICHI will hold 51% of the shares, while HoldCo will hold 49%. HoldCo is held by Ekayongwong Company with 45% and Mr. Nattawut Srisuthep with 44%, both of whom are experts in fertilizer and agricultural products. The new company will call for the first payment of 25% of the share value and the full amount by May 2570 (Buddhist Era), with the company expected to be established by the end of 2569 (Buddhist Era).

Impact on assets 1

Consumer Staples▲

Off-coverage companies 3

Tan Fertilizer Company Limitedi
Private▲ PositiveCapitalrelevance

Ton Fertilizer is the newly established joint-venture company with 150 million baht capital for fertilizer import, production, and distribution.

EYW Group Holding Company Limitedi
Private▲ PositiveCapitalrelevance

EYW Group Holding is the 49% JV partner establishing Ton Fertilizer alongside ICHI.

Ek Yong Wong Company Limitedi
Private± Mixedrelevance