EXIM Thailand Finances Gissco’s Production and Export of Metal Casting Machinery to Sharpen Thai SMEs’ Global Competitiveness through Product Innovation

Announcement date 08 November 2018
EXIM Thailand Finances Gissco’s Production and Export of Metal Casting Machinery to Sharpen Thai SMEs’ Global Competitiveness through Product Innovation
Mrs. Wantana Mongkolsri (center), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), jointly with Mr. Sangop Thanabumrungkul (right), Managing Director, Gissco Co., Ltd. (Gissco), and Assoc. Prof. Dr. Jessada Wannasin (left), CEO of Gissco, signed a financial facility agreement worth 5 million baht on November 7, 2018 at EXIM Thailand’s Head Office to support Gissco’s expansion of production and export of metal casting machinery and equipment. Gissco is an SME with a success story in translating their R&D into product invention under “GISS” Technology (Gas Induced Semi-Solid Technology) which has won a number of international awards. GISS Technology helps close certain technological gaps for metal casters and parts producers by reducing formation of air bubbles and waste material associated with the die-casting process, resulting in around 20% higher efficiency in die casting, twice longer die life, and significant cost reduction.
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