Property Fund Manager
Ref.No.IVL004/03/2018 21st March 2018 President The Stock Exchange of Thailand Subject: Indorama Ventures enters into a Joint Venture to acquire the integrated PTA- PET assets in Corpus Christi, Texas, USA
downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated
and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code
THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives
quarter driven by resilient sales and margins in Integrated PET, USA PX and PIA businesses. Core net profit grew to THB 1.6B • Core EBITDA grew in all segments and in all regions as our products primarily
200 basis points lower. TRIS has reaffirmed IVL’s AA- rating, with Spindletop (part of Huntsman’s assets) factored in. Industry spreads lower in Integrated PET, MEG, IPA, and Lifestyle fibers vertical