TIBD Signs Strategic Partnership with FINECO Advancing Natural Silk Protein Innovation into the Thai and ASEAN Markets

On March 4, 2026, at Room 7910, 9th Floor, Department of Industrial Engineering Building, 50 Ngamwongwan Road, Ladyao, Chatuchak, Bangkok, TIBD Co., Ltd. officially signed a Memorandum of Understanding (MOU) with FINECO LTD. to jointly develop and expand applications of Natural Silk Protein innovation and advanced biomaterial technologies for the health and beauty industries.

The MOU was signed by Dr. Wuttipong Panitsettakorn, Director of TIBD Co., Ltd., and Mr. Lim Kun Bin (임건빈), Chief Executive Officer of FINECO LTD. The partnership aims to promote the application of Silk Protein innovation and advanced biomaterials in the cosmetics and personal care industries across Thailand and the ASEAN region.

This collaboration reflects a shared vision to elevate innovative raw materials in response to modern beauty trends, where consumers increasingly prioritize performance, safety, and naturally derived ingredients.

A New Dimension of Natural Silk-Based Cosmetic Ingredients

Natural Silk Protein represents a high-potential class of biomaterials in the cosmetics industry. Its versatile properties enable a wide range of applications, including skin conditioning, moisture enhancement, texture improvement, and formulation performance optimization.

By combining FINECO’s technological expertise with TIBD’s market development capabilities and strategic industry networks, this partnership is expected to accelerate structured market entry while creating added value for Thai entrepreneurs and cosmetic manufacturers.

FINECO: A Leader in Silk Biomaterials and Clean Beauty Innovation

FINECO is a biotechnology-driven company focused on research and development of biomaterials derived from natural resources such as silk, mushrooms, traditional herbs, and marine ingredients. By integrating biological knowledge with advanced technologies, the company develops high-performance ingredients for cosmetics, wellness products, and biomedical applications.

One of FINECO’s key technologies is “Silk Crystal,” a biomaterial derived from silk fibroin. It is known for its high biocompatibility with skin cells, non-immunogenic properties, and its ability to function as a natural delivery system without relying on petroleum-based surfactants.

These characteristics have enabled FINECO to develop clean and environmentally friendly cosmetic formulations that meet European natural cosmetic standards. The company has continuously exported its products to Germany, France, and Switzerland, reinforcing its credibility in international markets.

New Opportunities for the Thai and ASEAN Beauty Industry

The collaboration between TIBD and FINECO establishes an integrated value chain—from upstream biomaterial research to downstream brand development and commercialization.

Expected outcomes of this partnership include:

• Elevating cosmetic raw material standards in Thailand through research-backed silk protein technology

• Expanding access to innovative biomaterials for brand owners and manufacturers

• Supporting development of clean beauty products suitable for sensitive skin

• Enhancing the competitive advantage of Thai entrepreneurs through access to high-quality bio-based ingredients

• Creating opportunities for high value-added product development across skincare, wellness, and future specialty innovations

This partnership goes beyond introducing new technology. It represents a systematic strengthening of Thailand’s beauty innovation ecosystem, aligning it with international standards and scientific expertise.

Strategic Roles of TIBD and FINECO

The Role of TIBD

Connecting Innovation to Regional Commercialization

TIBD specializes in market analysis, business strategy development, and commercialization of advanced technologies. With an established network of brand owners, OEM/ODM manufacturers, and industry partners, TIBD plays a critical role in translating scientific innovation into tangible business opportunities.

Under this collaboration, TIBD will:

• Assess market potential and industry trends in Thailand and ASEAN

• Develop strategic positioning for innovative biomaterials

• Connect with brand owners, manufacturers, and strategic partners

• Support product development aligned with regional consumer needs

Through this role, TIBD acts as a catalyst in transforming scientific knowledge into scalable market applications.

The Role of FINECO

Developer of Advanced Silk-Based Biomaterials

FINECO brings deep expertise in silk protein research and biomaterial development, backed by decades of experience in advancing silk-derived technologies for cosmetic and biomedical use.

Under this collaboration, FINECO will:

• Share technological knowledge related to silk protein innovation

• Provide technical insights for cosmetic applications

• Support global-standard ingredient positioning

• Strengthen innovation capabilities for high-performance natural ingredients

FINECO’s proven experience in supplying silk-based materials to European markets reinforces confidence in quality, safety, and performance.

Strengthening the Regional Beauty Innovation Ecosystem

The partnership between TIBD and FINECO represents a significant step in building a Thailand–Korea innovation ecosystem. By connecting advanced biomaterial technology with ASEAN market capabilities, both organizations aim to transform scientific breakthroughs into impactful, market-driven solutions.

TIBD will play a central role in facilitating the adoption of Silk Protein innovation in Thailand, supporting brand owners, OEM/ODM manufacturers, and entrepreneurs seeking to develop next-generation cosmetic products.

Ultimately, this collaboration is not merely about introducing a new ingredient—it is about elevating the Thai beauty industry to global standards through scientifically grounded biomaterial technology and internationally validated commercial experience.