Beger Co., Ltd., in collaboration with IRPC Public Company Limited (IRPC), has announced a strategic partnership to establish IBIC Company Limited (IBIC). The new company will focus on the development, production, and distribution of paints and coatings for steel structures, aiming to serve the needs of large-scale industrial and infrastructure sectors such as oil refineries, petrochemical plants, ports, airports, and bridges. This initiative supports the development of national infrastructure with enhanced efficiency, cost-effectiveness, and long-term sustainability.
Dr. Worawat Chaiyotsaburana, Chief Executive Officer of Beger Co., Ltd., stated that for more than 65 years, Beger has continuously developed innovations in paints and coatings to elevate the standards of Thailand’s industrial sector. The company focuses on creating long-term value through high-performance coating systems that offer superior durability and help reduce the total lifecycle cost of structures. These solutions also support the industry’s transition toward Green Infrastructure and the achievement of Net Zero goals.
The establishment of IBIC Company Limited marks an important step in transforming Thailand’s paint industry from a product manufacturer into a provider of comprehensive coating solutions for infrastructure and heavy industries. The company aims to develop products that not only deliver durability but also provide stable long-term performance while improving lifecycle cost management for steel structures under various operating conditions.
Meanwhile, Mr. Terdkiet Prommool, Chief Executive Officer and President of IRPC Public Company Limited, stated that the establishment of IBIC Company Limited represents a significant step in expanding IRPC’s advanced materials innovation into high value-added downstream businesses. The initiative will help reduce reliance on imported specialty products while creating new growth opportunities in industrial and infrastructure markets in Thailand and across the ASEAN region.
IBIC Company Limited is established as a joint venture between IRPC and Beger with a shareholding ratio of 45:55, respectively. The company will operate in the industrial paints and coatings sector within a regional market valued at over THB 26 billion per year. Commercial operations are planned to commence in 2026, with expansion into ASEAN markets within two years, in response to the increasing demand for highly durable infrastructure and in alignment with national greenhouse gas reduction goals.
“This collaboration is one of the key mechanisms driving IRPC’s New S-Curve business strategy under the concept of Step Up & Beyond. It represents an extension from existing businesses into new opportunities through investments aligned with global megatrends, while partnering with industry experts to enhance long-term return on investment. At the same time, it reinforces our commitment to sustainability and the company’s Net Zero target by 2050,” Mr. Terdkiet added.
The partnership under IBIC also combines IRPC’s strengths in research and development of Polytetrafluoroethylene (PTFE) materials, known for their exceptional resistance to harsh environments, with Beger’s expertise in international industrial paint and coating technologies. This synergy will enable the development of high-performance products that extend the service life of steel structures, reduce maintenance frequency, and enhance economic value throughout the lifecycle of the infrastructure.
IBIC’s products are designed to suit the climatic conditions of Thailand and the ASEAN region, helping to reduce resource and energy consumption as well as indirect greenhouse gas emissions across the supply chain. These solutions aim to support the development of efficient and sustainable infrastructure in the long term.
Furthermore, the establishment of IBIC Company Limited will play a key role in strengthening the domestic supply chain, reducing reliance on imported specialty products and elevating Thailand’s industrial paint and coatings standards to compete internationally. The company also plans to expand its market presence from Thailand to the Eastern Economic Corridor (EEC) and further into ASEAN markets in the future.