To finance the capital expenditure of the new production facility, Trina Solar has signed a syndicated loan agreement for a total of US$100 million with SCB and China Minsheng Banking Corporation Ltd. (CMBC), maturing in June 2020. In addition, according to the agreement, the Company has been granted a line of credit by SCB for THB 1.53 billion (approximately US$43 million), which will be used for working capital.

"We are pleased to announce the official launch of our new facility in Thailand as scheduled. The investment in Thailand fits our strategy of prudent capacity expansion in select overseas markets to deliver industry leading products to customers in the US and Europe in particular as we strive to increase the profitability of the company," said Jifan Gao, Chairman and CEO of Trina Solar.
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