Goals have been set along the three key components that correspond with the IRPC Innovation Center’s operations as follows: 1. Uplift in competitiveness of core business and add value to specialty products based on Adjacent Business innovations 2. Pursue New S-curve Businesses 3. Innovation services Material Issues In 2021, there are 121 employees, 2.6 per cent of total employees, in the Innovation center. with THB 291.5 million in budget allocation to develop talents, seek innovations, research and develop new technology to create added value to the products in line with a strategy to increase competitiveness. IRPC owns 3 types of intellectual property as follow; Under the supervision of the Innovation Management Commi ttee ( IMC) , which superseded the Product Development Committee, and is chaired by the Chief Executive Officer/ President. The IMC, comprising senior executive vice presidents and heads of relevant departments, is tasked with oversight responsibilities for the Company’s innovation in terms of policies, processes and resource allocation for sustainable growth of the Company. Total quantity sold of plastic pellet products (tons) Quantity sold from specialty plastic pellet products (tons) Proportion of revenue from specialty plastic pellet products to total revenue from plastic pellet products (%) Performance 2022 Performance indicator • Registered copyright totaling 12 items, comprising 7computer programs 4 music & lyrics and 1 publications • Trademarks totaling 171 items registered in 25 countries around the world • Registered patents totaling 18 items and another 20 items pending, covering production processes of polymer, petroleum and chemical products Ratio of Researcher with Ph.D Degree 14 % of all R&D personnel 1.95 times of incremental margin of new product aged 3 years per R&D investment in that year R&D Effectiveness 20 226,683 914,738 124 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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