# 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.

- Type: Partnership
- Announced: 2023-02-19
- Where: Thailand
- Value: $8.00M (260.0M THB)
- Status: announced
- Products: melt-blown non-woven fabrics, filter fabrics for masks and gowns
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PTT Public Company Limited](https://endata.com/companies/978.md) (investor)
- [IRPC Public Company Limited](https://endata.com/companies/48102.md) (partner)
- [Innobic (Asia) Co., Ltd.](https://endata.com/companies/68640.md) (partner)

## Sources

- [innovationcenter.irpc.co.th](https://innovationcenter.irpc.co.th/en/irpc-and-innobic-asia-announced-a-joint-venture-to-set-up-a-company-innopolymed-penetrates-the-medical-device-market/), 2023-02-19: "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”."

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