The Board of Directors Meeting of IRPC Public Company Limited held on 16 December 2014 passed the resolution to approve a joint venture transaction between IRPC Polyol and PCC Rokita SA. Each of the party will hold 50% of the total shares in the new joint-venture company with the capital contribution of THB 5,000,000. The aforementioned joint venture is in line with the company's strategy that strives for development of high value added product to provide polyurethane to the market, focusing on the AEC and Chinese markets.

This joint venture will enhance the Company's access to the technology in the production of polyurethane and the distribution channels in many countries.