Beger Co., Ltd. in collaboration with IRPC Public Company Limited, or IRPC, announced a strategic partnership to establish IBIC Company Limited (IBIC) To develop, produce, and distribute paints and coatings for steel structures, aiming to meet the needs of the industrial sector and large infrastructure such as oil refineries, petrochemical plants, ports, airports, and bridges, in order to support the country’s infrastructure development to be efficient, cost-effective, and sustainable in the long term. Dr. Worawat Chaiyosboorana The CEO of Beger Co., Ltd. stated that for over a period of 65 years old Beger is committed to developing innovations in paints and coatings to continuously elevate the standards of the Thai industry, focusing on creating long-term value through highly durable coating systems that help reduce the total lifecycle cost of structures while addressing directional needs. Green Infrastructure And goals Net Zero Of the industrial sector
Establishing a joint company IBIC Co., Ltd. This time marks an important step in elevating the Thai paint industry from the role of a product manufacturer to that of a developer. Comprehensive coating system solutions for infrastructure and heavy industry By focusing on developing products that not only provide durability but also maintain stable performance over the long term, and help enhance cost management throughout the lifespan of steel structures in all conditions. Mr. Therdkiat Prommoon The Chief Executive Officer and Managing Director of IRPC Public Company Limited stated that the establishment of the company IBIC Co., Ltd. This marks another important step in enhancing the advanced material innovation potential of IRPC towards high-value downstream businesses, helping to reduce dependence on imports of specialized products from abroad, while creating new growth opportunities in the industrial and infrastructure markets both in Thailand and the ASEAN region.
Company IBIC Co., Ltd. (IBIC) Established under the collaboration of IRPC and Beger in the shareholding ratio. 45 : 55 To conduct business in industrial paints and coatings in the regional market, which is valued at over 26,000 million baht per year with plans to start commercial operations in the year 2026 and expand into the ASEAN market within the timeframe of 2 years To support the demand for highly resilient infrastructure and align with the country’s greenhouse gas reduction goals, “this collaboration is considered one of the key mechanisms for creating New S-Curve The business of IRPC under the concept Step Up & Beyond Leveraging from the existing business to new opportunities by investing in businesses that align with global megatrends, while creating partnerships with experts to enhance long-term investment returns, alongside conducting business in accordance with sustainability principles and goals. Net Zero by 2050“Mr. Therdkiat said”
Collaboration under the company IBIC It is still a combination of IRPC’s strengths in research and development of materials. Polytetrafluoroethylene (PTFE) which has outstanding properties in terms of durability against extreme environmental conditions, aligns with Beger’s expertise in international industrial paint and coating technology to develop high-performance products that help extend the lifespan of steel structures, reduce maintenance frequency, and increase economic value throughout the lifespan. The products of IBIC It is also designed to be suitable for the climate of Thailand and the ASEAN region, helping to reduce resource and energy consumption, as well as reducing indirect greenhouse gas emissions throughout the supply chain, while supporting the development of efficient and sustainable infrastructure in the long term.
In addition, the establishment of a company IBIC Co., Ltd. It still plays an important role in strengthening the domestic Supply Chain, reducing dependence on imported specialized products from abroad, and raising the standards of the Thai paint and coating industry to compete at the international level, with plans to expand the market from Thailand to areas. Eastern Economic Corridor (EEC) and expand into the ASEAN market in the future
