Corporate Information

Message from the Chairman



Mr. Tevin Vongvanich
Chairman



Dear Shareholders

The Board of IRPC Public Company Limited has specified its vision to move IRPC to become “the Leading Integrated Petrochemical Complex in Asia by 2020.” The Board has also defined both short-term and long-term strategic plan to ensure that the organization will move to the established direction and plan and ultimately achieve its goals and objectives within time specified.

Last year marked another year of success for IRPC. IRPC’s business performance has continuously improved. In 2017, EBITDA was recorded at 20,420 million baht with the net profit of 11,354 million baht, an increase of 17 percent from 9,721 million baht in 2016. Such success is the result of the Everest Project, a project based on a strategic plan to improve performance efficiency, manufacturing procedure, organizational management as well as fostering corporate value and culture while simultaneously developing the organization to be in the Top Quartile. To achieve this objective, the cooperation of employees of entire organization together with consultants from the leading companies worldwide is needed. Such project started since 2015 and ended in 2017 and incurred the profit of approximately 7,000 million baht in which IRPC plans to further its growth by introducing new strategic plan under the name “GDP”. IRPC; therefore, will be equipped with strength, readiness and accurate prediction, rendering the company with more efficient business management and in conformity to directions specified by the Board.


"Last year marked another year of success for IRPC. IRPC’s business performance has continuously improved. In 2017, EBITDA was recorded at 20,420 million baht with the net profit of 11,354 million baht, an increase of 17 percent in 2016."


Apart from creating added value to its business, The Board of IRPC also perform its duty as specified in the new CG Code, revise, develop and improve the performance by emphasizing on the notion of “Board that makes a difference”. The Board has constantly valued the internal control, risk management, anti-corruption policy and bribery while stressing on the highest benefits of every group of shareholders and stakeholders on a fair and equitable basis and strives to foster their confidence to maintain the organization’s image and reputation regarding transparency to ultimately become the good corporate citizen that is accepted and recognized by both domestic and international institutions. IRCP has been awarded with NACC Integrity Award 2017, presented by the Office of the National Anti- Corruption Commission for two consecutive years. In addition, the Board has realized the importance of business operation with responsibility towards society, environment and community as indicated in the company’s philosophy on creating balance between economy, society and environment; thus, in 2017, IRPC had been recertified its membership of DJSI (Dow Jones Sustainability Indices) in oil and gas category for four consecutive years.

The Board has realized that an overall achievement in 2017 was a cooperation of every related party, especially the management and employees of IRPC and its subsidiaries who consistently dedicated their best effort and ability in leading the organization toward better goals in the future. On behalf of the Board of Directors, I would like to express my sincere gratitude to every stakeholder who have a strong faith and always provide us with considerable support. I would like to confirm that all of us at IRPC will continue to adhere to our vision and mission to render every shareholder with the highest benefits while striving to create value for business and society for sustainable growth and development.