# IRPC acquires 50% stake in Mytex Thailand from JPP

IRPC Pcl signed a joint venture contract to acquire 50% of Mytex Polymers (Thailand) Co Ltd's shares from Japan Polypropylene Corporation (JPP), aiming to strengthen its specialty PP compound portfolio for the automotive market.

- Type: Acquisition
- Announced: 2020-03-04
- Where: Thailand
- Status: announced
- Products: polypropylene compound, PP compound for automotive parts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Japan Polypropylene Corporation](https://endata.com/companies/23977.md) (partner)
- [IRPC](https://endata.com/companies/45724.md) (acquirer)
- [Mytex Polymers (Thailand)](https://endata.com/companies/45725.md) (target)

## Sources

- [nationthailand.com](https://www.nationthailand.com/business/30383374), 2020-03-04: "The partnership with JPP will increase our specialty or in-line PP compound market share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.