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) market, in 2Q2018, Natural FA price was being more competitive to Synthetic FA price and supply of Natural FA was a bit dwindled due to few producers in China cut their production. From above reasons, GGC
maximize market opportunities in 2018.” 2. Outlook General economic conditions are favorable: there is growing expectation that Q4 2017 GDP growth in Thailand will have accelerated to 4.5% y/y (versus 4.3
full matching our expectations of a stronger market. Also on the upside, our capex Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 discipline was
consolidated Saraburi Quicklime subsidiary (total 9 kilns) the core business is expected to operate on a capacity and market base 50% above Q2 2017. The increased capacity and market base in the core business
to continuous increase in Equity MW from Small Power Producer (SPP) capacity expansion serving increase in demand of Industrial customers of approximately 5%. The main distributions were from GNLL
target groups of customer. In 2017, the Company started developing premium single house projects. The residential property price in the market at the time had a tendency to rise, especially those located