margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining

factors that continued to occur since the previous year, such as the production of new high-technology products, an increase in the cost of goods sold resulting from a continuously high cost of raw

) Period Packaging Business which the main raw materials are film, printing and solution, labor costs and overhead including operating expenses 3. Expansion of the Company's business by building a warehouse

as working capital for the production of plastic bags including operating expenses 96.36 - Year 2017 - 2019 - Working capital in Flexible Packaging Business which the main raw materials are film

and the costs outweigh the benefits to be derived from compliance with such rules or conditions; (2) the foreign entity who submits the application is subject to restrictions under other laws resulting

of the existing and new manufacturer's installed capacity. However, the Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures

baht, or 5.37% comparing to the same period last year due to the growth of automobile’s and motorcycle’s production. 2. Increase in raw materials costs around 78.08 million baht, or 10.65% comparing to

Prachinburi province in January 2017 are also available. Chemicals were purchased for use as raw materials and distribution division include 1. Zircon Sands sold to industrial ceramics and metal foundry 2

the same period last year due to the growth of automobile’s and motorcycle’s production, as well as the higher export amount. 2. Increase in raw material costs around 102.71 million baht or 20.18

of raw materials is down. As a result, gross margins widened to 20.9% in 2017 from 14.8% in 2016. Production overhead in 2017 increased by 17.31 million baht or 15.7% from 2016 due to the cost of