growth of food business. For hotel business, the Company still plans to open the new hotels. However, the hospital industry in Thailand may remain under pressure due to the strong Thai Baht that adversely

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

-6- แหล่งทีม่า: International Rubber Study Group (IRSG) ตามข้อมูลประมาณการของ The World Rubber Industry Outlook, Review and Prospects to 2028 ประจ า เดือนธันวาคม 2562 โดย International Rubber Study

ตัน ปรับลดลงเล็กน้อยจาก ณ สิ้นเดือน ธันวาคม 2562 ทีร่าว 251,000 ตนั หมายเหตุ: * International Rubber Study Group (IRSG), The World Rubber Industry Outlook, Review and Prospects to 2028, December 2019

’ future revenue growth and diverse business dependency risk on food and beverage industry to cosmeceuticals and medical business, which has positive expansion with consumers-oriented goodwill. (3) Increase

information. (2) Increase Group of Companies’ future revenue growth and diverse business dependency risk on food and beverage industry to cosmeceuticals and medical business, which has positive expansion with

-based information. (2) Increase Group of Companies’ future revenue growth and diverse business dependency risk on food and beverage industry to cosmeceuticals and medical business, which has positive

remaining 49% investment in Delta Electronics (Switzerland) AG and Delta Electronics Industry LLC. - Consolidation goodwill as of 31 December 2018 were Baht 438 million, about the same with 2017 but increase

core company distributing mobile phone and its accessories was affected by competition from competitors in the industry. The sales in previous year were equivalent to 9,202 million baht. The number of

were 2.4% (y-o-y) and 1.7%(y-o-y) respectively with consequences to the growth of tourism industry of Thailand. During the passengers who travel through BKK and DMK were 79.3 million passengers