Discussion and Analysis 1. Significant events in the first Quarter of 2020 1.1. The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju Energy Services Co.,Ltd. (Paju
million Baht mainly from progress of construction including clarified water & total water solution projects, Bangpakong pump system upgrade project and Tubma Reservoir project; after depreciation and
assets’ acquisition completed on 3rd January 2020, total paid $2 billion 2 Gas Cracker (IVOL) commercial startup on 31st January 2020, total Capex ~$1 billion Project Business Expected Completion Total
buildings above ground and on-progress piling works that scheduled to be completed at the end of 2020. The sales gallery and mock-up rooms of Dusit Residences and Dusit Park Side will be opening in August
, and sufficient to meet its planned investments in future growth opportunities. Table 3: Major Projects Update & Recycling Growth Plan 1 Huntsman assets’ acquisition completed on 3rd January 2020, total
industrial waste to energy power plant project located at Ratchaburi Industrial Estate and operated by Progress Interchem (Thailand) Co., Ltd. (“Interchem”) with a contracted capacity of 4.0 MW (an installed
change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the
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
Development programs, completed the hiring of a Chief Strategy Officer and a Chief Human Resources Officer and formed the Indorama Management Council. Indorama Ventures 2018 MD&A 5 349 381 740 35 34 51 384 414
percent, driven mainly by a favorable growth of the global economy which positively impacts on export sector, an acceleration of public investment along with the progress of key investment projects and