National oil and gas conglomerate PTT Plc is to move into the production of medical consumables amid growing demand, especially in ageing societies, under a new partnership with petrochemical and plastic manufacturers.
The company, through its subsidiary IRPC Plc, recently signed a memorandum of understanding (MoU) with Innobic (Asia) Co, the biotechnological arm of PTT, and Panjawattana Plastic Co (PJW) to jointly conduct a feasibility study on the new business, covering product design and development, state regulations, and a long-term business model.
