problem-solving and a range of after-sale services to increase efficiency and quality to the finished goods as well as to ensure customer satisfaction. IRPC focuses on developing new market in industrial segments with high growth potential, such as those relating medical and healthcare, alternative energy, electronics, and appliances, etc. The company has introduced “Eco Solution” project in accordance with the Circular Economy or closed loop economy, concept, in which no waste is generated as everything is reused or turn into re-material, or raw material, to create new product under the MakeUse-Return concept. This economic model helps conserve Price Strategies Prices of plastic pellets are linked to a range of external factors, ranging from the costs of feedstocks, like crude oil, naphtha, and monomers, to market conditions, demand and supply, domestic, regional, and global competition, product properties and government policies, etc. IRPC prices its products based on these factors to ensure that the price is competitive, aligned with its market positioning of each product, and suitable for the geographical distribution area at any given time. Product Diversity IRPC produces over 1.2 million tons of plastic pellets annually. The plastic pellet products are categorized into HDPE, PP, PS, EPS, ABS, and SAN. The company also operates plant to manufacture color compounds and to dwindling resources and make waste disposal redundant. In 2021, IRPC implemented the Eco Solution Model, for plastic waste management from the production processes to plastic waste after use to ensure efficient recycling throughout the value chain. Post-industrial recycled (PIR) from the production processes, and post-consumer recycled are recycled and reused. Through this initiative, IRPC in collaboration with KFC recycled and reused single-use plastic. Together with Baan Krong Nam, used water filters were recycled as raw material to produce environmentally friendly plastic products. Used polypropylene was recycled for the manufacture of battery cases in cooperation with Best Polymer Co., Ltd. etc. inject composites within an industrial complex where plants manufacturing diverse types of pellets are located. As all manufacturing plants are under the management of IRPC Group, customers are provided with the added convenience and flexibility to ensure their exacting specifications, such as those for the manufacture of electrical appliances or automotive parts, are met. Product and Service Quality IRPC’s plastic pellet products are designed and developed to ensure suitability for use in the manufacture of parts and components in accordance with the required characteristics, functions, and details of the products, and in compliance with any given standards. Quality checks and quality controls extend across the entire production process, from the moment the feedstocks arrive and during production process to product inspection and testing before delivery to the customer. RETURN MAKE USE 86 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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