. Fibers: Our focus remain on:  Operational excellence, Innovation and cost management  Working capital and inventory management  Variablise our costs by asset footprint flexibility Indorama Ventures 2nd

implemented cost management program to reduce fixed expense items such as salary and benefits, professional fee and office rental. Finance Costs Finance costs consist of lease payments under the sub-lease

planned reduction in production to manage inventories and seasonality. Management will now focus on cost management initiatives, operational excellence, and working capital optimization in 2020. In addition

initiatives include procurement synergies, yield improvements, fixed cost synergies, technical benchmarkings and others. Fibers: Our focus remain on:  Operational excellence, Innovation and cost management

rates during 1Q20. Interest expense totaled Baht 1,301 million, a decline of 6.1% yoy, with cost of funds declining to 2.0% for 1Q20 comparing to 2.3% for 1Q19 from effective cost management in line with

for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic

quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is

all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion

purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20

the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic