2021 VR MASTER is awarded a contract for the supply, install, and commissioning of Type tested MV and LV switchboards, Capacitor Panels including Busducts for the TIAF project in Rayong. Toyobo-Indorama Advanced Fibers Co., Ltd. (TIAF) is a JV firm between Toyobo Co., Ltd. and Indorama Polyester Industries PCL (IPI). The joint company to build a new plant on the IPI factory site in Rayong to produce yarns for automobile airbags and plan to start operations in the 2nd Quarter of 2022.