IRPC Public Company Limited (IRPC) has announced that on 16 March 2021, the Board of Directors no. 3/2021 approved an investment in Innopolymed Company Limited to be jointly held by the company and Innobic (Asia) Company Limited, a subsidiary of PTT Public Company Limited (PTT) with the registered capital of 260 million baht.
IRPC and Innobic (Asia) Company Limited will hold the shares equivalent to 60% and 40%, respectively.
Innopolymed operates in non-woven fabric as well as medical consumables businesses. Besides, Innopolymed Company Limited is targeted to complete the company registration in 2Q2021 and start commercial operation in 4Q2021.