2017 has been a momentous year for Indorama Venture in more ways than one. The Company surpassed several milestones in its journey towards its stated vision of becoming a “world-class chemical company
Underway Amidst the recovery in the economy and our industries, we remain focused and committed to the various transformation programs that IVL embarked on in 2020. We are making good progress on our journey
grill, boiler and sandwich machines, as well as preventive maintenance (PM) of the exist customers. These resulted in a significant increase in revenue in this business segment. Management's Discussion
committee’s meeting for acknowledgement on a quarterly basis. Moreover, the Company still adheres to the principle of preventive measures on the conflict of interests on a continuous basis and for the case that
from preventive maintenance income with the needs of customer in food and beverage business who want to maintain the standards and quality of water to use in production process. While the revenue from
, we also faced the need to do earlier than expected preventive maintenance, which reduced our utilization rate and added to the fix costs. SG&A was slightly higher as there were some one shot impacts
percent. Mainly income came from Preventive Maintenance (PM) from food and beverage business which they would like to maintain the standard and quality of water to production and distribution for food and
proactively implemented stronger preventive measures in all of its business locations since the beginning of the pandemic, for example, disinfection and preventative measures in business locations, work
or 0.17 percent. Mainly income came from Preventive Maintenance (PM) from food and beverage business which they would like to maintain the standard and quality of water to production and distribution