TIPCO Asphalt Group integrates innovation philosophy in the Group’s Vision 2025 Corporate Strategy, focusing on establishing knowledge and foundation, full understanding and structure of innovations while promoting innovations through Innovative Solutions Award and Innovation Boot Camp activities. Successful innovations would lead to tangible business results including social benefits. The Group formulated Innovation Roadmap 2025 as a guideline for systematic innovation thinking. The roadmap, implemented since 2021, focuses on employee skill coaching, inspiration, and incentives for employees to initiate and execute innovation ideas. In 2022, the plan aims at innovation initiatives from cross functional collaboration across units that seamlessly integrate and optimize multi-skills from various units. By 2023 the roadmap will focus on creating the organization’s capability that can drive innovations across different areas where the Group operates while seeking external partnerships to further co-develop new innovations, both from business partners or from other innovation-driven organizations which will be the Group’s ultimate target by 2025.

Policy: Innovation Policy (Link PDF)