IRPC to revamp production to improve overall efficiency

In a bid to improve production efficiency and company bottom line, Thailand’s IRPC Plc has planned a major overhaul in its production lines, administration and asset management. Details of the plan are to be placed before the executive board on July 21 for their approval. Its US$1 mln high cost olefin cracker production improvement plan that was called off last year is also expected to be resumed. The current economic weakness will result in considerable savings in expenses and reduced construction costs. The overhaul plan includes an environmental management system and a corporate social responsibility programme focused on creating understanding with local communities. This could prevent delays of its expansion plans in the future. The plan also focuses on cutting overall costs and maximising revenues from existing assets. IRPC also expects to switch to natural gas as the main fuel for its steam production, reducing annual fuel expenses by 150 million baht. IRPC will combine forces with sister company PTT Aromatics and Refinery Plc to share facilities and raw materials procurement as well as marketing.
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