% in the previous quarter, driven mainly by a slowdown in domestic demand and private consumption. The exports sector fell sharply due to the continued strength of the baht, while tourism sector also

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

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customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As

seaport 6) Railway networks providing a seamless connection between the three seaports The government is developing integrated transportation systems to strengthen Thailand’s role as a major global economic

661 6664-5 www.indoramaventures.com ที่ IVL001/01/2020 6 มกราคม 2563 เร่ือง รายงานความคืบหน้าของการได้มาซึง่ธุรกิจ/สนิทรัพย์ที่เก่ียวเนื่องกบัการผลติออกไซด์และอนพุนัธ์แบบบรูณาการ (Integrated Oxides and

initiated. This project encourages both existing and new business operators to provide more integrated financial advice and planning (wealth advice) service to general investors with investable assets not

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