Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

sector came from sales of pet skincare shampoo products, combined core vaccine (Biocan), immunoglobulin for dogs (Polyglob), immunology products for cat (Katimum), dogs & cats dietary supplement (Dr

oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai

combined capacity of appx. 30,000 tonnes/ annum. Sinterama is vertically integrated from chips to yarns and offers a vast range of colored polyester yarns for the automotive, furnishing, apparel and

revenues amounted to 864.1 million baht, same as last year. Chemical Business grew 4% from 725.6 million baht to 755.3 million baht while interest income combined with other income increased 16% from 9.4

located in Gersthofen, Germany and manufactures high value-added PET with combined capacity of 282,000 tons/ annum. This acquisition will allow IVL to extend its product portfolio of High Value-added (HVA

-grade rPET Pellets, with a combined capacity of 31,000 tonnes/annum and will be in close proximity to AlphaPet Inc, Alabama, IVL’s existing polyester manufacturing entity in USA. This acquisition of this

, increased from the same period of the previous year in the amount of 19.4 million baht due to the transfer of condominium units over the previous year Combined with the location of the assets that generate

other affiliates under the same group of such companies are no longer required to meet these qualifications and disclosure requirement. 2.     The combined size of the affiliates and associated

50 founders or parties related to a project in 12 months; (2) any persons in a combined amount of 20 million baht in 12 months; or (3) institutional investors, venture capital enterprises, private