forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 6 The world steel production capacity utilization ratio swung between 67.6
a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 6 The world steel
province of Republic of the Philippines. 455 MW of the plant’s capacity and energy are contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable
to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 89.83% (The construction plan was 88.38%). The commercial
demand and supply. Moreover, the Group benefit from reduction in sugar price and excise tax and the company no longer hire 3rd party to fill the non-carbonated energy drink products in can format since
dropped by 10% from late 2017 in corresponding with its demand and supply. Moreover, the Group benefit from reduction in sugar price and excise tax and the company no longer hire 3rd party to fill the non
previous year. In addition, the revenue from distribution of products in the industrial water supply system has continued to increase. As a result, the overall revenue of this business group has increased
to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 93.69% (The construction plan was 92.41%). The commercial
forecast. Exports of goods would decline in line with trading partner economies and potential impacts of regional supply chain disruptions.* However, the Company sees that the lower interest rate also