of the acquisition of Modern Pharma Company Limited Board of Directors' opinion The meeting of shareholders should consider approving to expand the business to cover the production of human and animals

Group, which will allow the Company to extend its power and utility production business which makes use of other different fuels. Furthermore, the transaction will promote investment in order to bring

than 35 percent of the seaweed production in China for the year 2017 which impact to all seaweed business around the world. In addition, the first two phase of production line at Rojana factory has been

) Revenue structure + (-)2018 3 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major

AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major customer from 2019 to mid of 2020 due to eminent domain

consumption, production and export sectors in Thailand. There are various industries that have an impact on the production and supply chain from upstream to their downstream, such as electricity, electronics

investments in new machineries for replacements and a launch of the production automation under the scheme of Delta Smart Manufacturing. The company believes that it would be a key factor for the

from the first draw down date with the same mortgage value for Land, Building, and Machinery Mortgaged in order to use the fund as working capital in business operation, and purchasing imported raw

automotive pipes. This is also due to better production efficiency along the year. The profit before interest and tax increased by Baht 61.74 million whereas corporate tax increased by 13.63 million, financial

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement