Margins. Europe Production in Europe went up 43% YoY primarily on account of Egypt PET & Portugal PTA volumes which came on stream from Q2/Q3 2018 and are still ramping up. Relatively smaller volume
also expected to enhance its margin through diversified product offerings and growing demand for fibres made from recycled PET. Volumes are higher by 33% YoY driven by entry in to Brazil and India and
one-time extraordinary items Indorama Ventures 2nd Quarter 2018 MD&A 3 Summary IVL delivered another record quarter, with improvements in production volumes and margins across all key segments and
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Revenue from sales reduced from last year quarter by 30% mainly due to sales volumes reduced by 7% and average HRC selling price reduced by 25%. The reduction in average selling price was mainly due to the
expected due to declining global trade volumes and the slower economic growth of major trading partners, which were affected by trade tensions between the US and China. Export growth has been negatively
. However, the higher cost of goods sold was lower as it was partially offset by higher production volumes supported by an increase in capacity utilization of Phase 3 at the new plant. The average profit
, particularly PVC, Caustic Soda and ECH, according to the market price trends caused by limited supply from China. The sales volumes also increased for all products, mainly as a consequence of higher Caustic Soda
sales volumes. Administrative expense increased mainly because of higher staff costs due to a higher headcount and annual salary increases. In addition, after KCE America became a subsidiary in 2018