$#()*)"% (economy of scale) ( +M$+$S"/+(.% ')'#+"%N strategic focus #$' KQ%OL - competitive positioning - product innovation - pricing of services - technology enhancement .' - cost control 7 +M$()*' strategic
of the following major factors: -Higher sales volume of the core burnt lime and hydrated lime products resulting in increased revenue and better economies of scale from these core business activities
holding other company?s stocks ("holding company"). The amended regulations specify that holding company must hold shares in its subsidiaries that are categorized as its core business (either established in
excellence, global scale, differentiated formulations and technologies and fits into its growth segments of Integrated EOs and the Specialty Chemicals portfolio consisting of both Ethylene Oxide and Propylene
business is generally lower margin than MACO’s core business, net profit margin slightly decreased to 14.4% from 22.9% in 3Q 2017. Nevertheless, we believe that MACO will benefit from economies of scale
Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 1st Quarter 2018 Best Performance Since IPO Core EBITDA of $326 million – 49% increase year-on-year Core
disruption of cross border logistics ( that was an issue in Q2), or further large scale lockdowns, so no further one shot impact similar to April-May is projected. The cost saving measures will continue to
cost reduction initiatives. Although, some variable cost returned after re-opening such as utilities, outsource services upon scale of business operations. Nonetheless, unnecessary expenses at
relevant to its core or non-core businesses upon conditions that they have an apparent outsourcing policy, measures, criteria, and service provider control system. Outsourcing however does not discharge