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Feb 19, 2023PARTNERSHIPThailand

IRPC and Innobic (Asia) form joint venture Innopolymed for medical non-woven fabrics

IRPC Public Company Limited and Innobic (Asia) Co., Ltd. (a wholly owned subsidiary of PTT) established a joint venture, Innopolymed Company Limited, to produce melt-blown non-woven fabrics for medical devices. IRPC holds 60% and Innobic (Asia) holds 40% of the registered capital of 260 million baht. Commercial sales are expected to begin in Q4 2021.

Value

$8.00M (260.0M THB)

Status

Announced

Productsmelt-blown non-woven fabricsfilter fabrics for masks and gowns

CompaniesPTT Public Company Limited investor IRPC Public Company Limited partner Innobic (Asia) Co., Ltd. partner

Sectors#Medical Devices #Specialty Chemicals

“The Board of Directors’ meeting of IRPC Public Company Limited (IRPC) and PTT Public Company Limited has resolved to approve the establishment of “Innopolymed Company Limited”.”innovationcenter.irpc.co.th

1 source
innovationcenter.irpc.co.thIRPC and Innobic (Asia) announced a joint venture to set up a company “Innopolymed” penetrates the medical device market - IRPC INNOVATION CENTERFeb 19, 2023

Summarized from public sources; check the original articles before acting on it.

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