Deutsche Bank wins Thai supply chain mandate

Siam Cement implements Deutsche Bank’s supply chain solution at two of its subsidiaries.

Concrete Products and Aggregate CPAC and SCG Logistics Management SCGL, both subsidiaries of Thailand industrial conglomerate Siam Cement, have implemented Deutsche Bank’s SupplierFinance programme.

SupplierFinance is part of Deutsche Bank’s db financial supply chain solutions set which is a combination of cash management and trade capabilities. It provides a fully automated online trade payables financing tool for users, which allows them to manage electronic payments to their suppliers more efficiently through Deutsche Bank’s business-to-business electronic platform, eBills.

“This programme fits our requirements as all our strategic suppliers can come on board,” said Pairoj Anamwathana, managing director of CPAC, in a statement. “It also...

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