market with synergies with our Egypt PET business. o Sorepla (completed Jul 31, 2018) - complements IVL recycling business in France with synergies with our Recycled Fiber and PET businesses in Europe. o
. However, the Company has the policy to reduce these expenses. The administrative expenses increased from feasibility study expenses of the relating furniture business such as Medium Density Fiber Board
manufacture Low Melting Fiber (LMF), with an annual capacity of 60,000 tonnes. LMF is commonly used as a binder fiber in core-sheath constructions to produce HVA applications for automotive and industrial
additions also came from fiber assets acquired in 2018 & 2019 (Avgol, Kordana, Schoeller, UTT). The EBITDA however decreased 29% YoY due to depressed margins in IPA business and lower Rotterdam production
during the last 12 months. This additional cost impact has been more than offset by gains in the feedstock segment since IVL is also one of the world’s leading producers of IPA. The Fiber segment
For the 1st Quarter Ended 31 March, 2019 Page 1 (Translation) 1. Significant events of the 1st quarter of 2019 1.1 The signing of the shareholders agreement to invest in Underground Optic Fiber Network
and expect the construction to be completed and the scheduled commercial operation date to take place within year 2023, pursuant to the resolution of the Board of Directors’ Meeting No. 3/2020 dated 25
and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for
Kiatnakin Phatra Asset Management Company Limited Kiatnakin Phatra Asset Management Company Limited ("KKPAM") as a mutual fund management company, completed the negotiations with the Sub