Mr. Krit Imsang, CEO and President of IRPC Plc. Revealed that the company has prepared a 5-year investment plan or 2013-2020 with a total investment budget of more than 36,000 million baht, this amount will be a reserve investment fund. About 14,000 million baht is to support merger or acquisition plans. or MA And the joint investment plan or JV, which is currently being discussed for many projects Including increasing the share of sales of special grade plastic products from 24% in 2022 to 33% in 23 and 40% in 2070 to drive the company Achieve profit before interest Tax and depreciation or Ibida at 25,000 million baht in 2025 and increase to 35,000 million baht in 2020.
“The investment budget will be used to expand business. and looking for new businesses by pushing the growing company according to the new vision and mission To become a sustainable materials and energy innovation company Where future growth will focus on collaboration with partners, customers and business partners. ready to support the national strategic plan According to the BCG economic model of the country and will focus on building on the strength of the existing business base AND increasing the share of revenue from new businesses, and is also focused on investing in smart material products that in line with global trends, such as medicine and healthcare which play an important role in the new way of life of people today.”
However, IRPC uses a strategy to focus on driving and expanding existing businesses into 5 high growth business groups, viz
Health and Life Science Health and Life Science
Advanced Material Advanced Material
Circular Business Circular Business
Future Energy Future Energy
Energy Storage Energy Storage
and use information about innovation and seek collaboration with business partners. Together with sustainable business operations according to the 3C strategy, which includes Climate Change, Circular Economy and Shared Value Creation, creating sustainability for the organisation.
In terms of the company’s investment plan in 2023, the target is to spend an investment budget of around 7,000 million baht, focusing on investing in projects to improve refinery efficiency and improve the quality of diesel fuel to meet Euro 5 standards to be completed in accordance with the plan for commercial. operating during the 1st quarter of the year 2024, currently, the construction project is progressing at 54% while investing in projects that produce non-woven fabrics. and medical consumables Began operating the factory in the fourth quarter of this year with a production capacity of 200,000 tons of PP spunbond resin per year to receive healthcare trends. And there is a plan to expand the investment in the PP Melt Blown project by 40,000 tonnes per year within the next year.
“Next year, revenue is expected to grow by 12% from this year after estimating that The oil market is in a good direction. Crude oil prices will rise above $94 per barrel. or slightly lower And the company expects the refinery to operate at higher production from this year onwards. with major maintenance closing in early October to mid November 2022 Although the loss from oil price hedges is expected to be less than this year. which is expected to lose around 9,000 million baht. Regarding the petrochemical market next year, although the direction is not good after the price is expected to be at a low level compared to the last 4 years, it is expected to the petrochemical market It will pass the lowest point in the third and fourth quarter of this year and start to improve next year. So next year Ibida is expected to be better this year.”
In addition, the company has presented a proposal to sell electricity, a project to buy electricity from government renewable energy. It is an introduction to solar farm electricity generation. About 70 megawatts of production capacity is being landed in the Company’s southern region. and it is an investment by a subsidiary that will await consideration by the government sector. It will also contribute to the company’s achievement of a 20% reduction in greenhouse gas (GHG) emissions by 2030 from a base year of 2018 and a goal of carbon neutrality in 2050 and net zero emissions (emissions) by 2060
