BANGKOK -- Thailand's oil and gas conglomerate PTT is jumping into the rubber glove business, aiming to capture a share of the increased global demand for medical supplies since the COVID-19 pandemic began.
PTT has approved an initial investment budget of around 600 million baht, or $19.1 million, to invest through a subsidiary called Innobic, which was recently set up with the aim of becoming the conglomerate's flagship for its life and science, pharmaceutical and medical businesses.
