IRPC Forms Crisis Unit, Eyes ASEAN Growth
IRPC establishes a Crisis War Room to tackle global volatility while advancing its core business and megatrend-driven investments in high-value petrochemicals across ASEAN. To navigate mounting global economic and trade uncertainties, IRPC Public Company Limited has launched a dedicated Crisis War Room aimed at enabling swift, real-time responses to market volatility. The initiative, announced on 9 May 2025 by President and CEO Mr Terdkiat Prommool, is part of a broader strategy to strengthen the company’s long-term investment position. At the same time, IRPC is reinforcing its core operations through improved production efficiency, cost reduction, and sound financial risk management. These efforts are anchored in two strategic pillars: 1. Core Up Lift and 2. Step Up & Beyond. Core Up Lift Strategy This strategy aims to optimize and future-proof IRPC’s petroleum and petrochemical operations. Key components include: Commercial Excellence: Increasing domestic diesel sales and expanding into high-demand markets for premium fuels like Low Sulphur Diesel and Jet A-1. Specialty Portfolio Expansion: Prioritising high-value petrochemical products such as phthalate-free polypropylene (PP) for medical and food packaging, and ultra-high molecular weight polyethylene (UHMWPE) used in engineering applications. These are being positioned for growth in ASEAN markets including Vietnam, Malaysia, and Indonesia. Optimisation &…
