By THE NATION
Under the MoU, GC will provide technological know-how and support for transforming plastic waste into textile products. The companies will focus on developing products that are less environmentally damaging, while bringing high standards to the task of reducing Thailand’s waste problems.
“SPI recognises the importance of investment in the textile industry, and realises that textile products created from plastic waste are an interesting business, as the global shift of sustainability and environmental protection continues to rise among consumers,” Vichai Kulsomphob, SPI president and executive director, said.
“In this partnership, GC will bring expertise in the petrochemical business and manufacturing of plastic resin by incorporating innovative and groundbreaking technology. The combined strengths of the two organisations will ensure the promise of long-term business and simultaneously maximise the potential for Thai businesses, while also corresponding with the growing trend of green business across the world,” Vichai added.
Apart from creating high-value textile products from plastic waste, the business collaboration also aims at expanding into both domestic and international markets. The tie-up will also extend efforts to pursue corporate social responsibility activities such as exhibitions and community development activities.