painting factory. In addition, there was addition of advance payment for project assets of Baht 5.43 million. As at 31 March 2019, the consolidated liabilities of the Company and its subsidiary decreased by

capital increase in this time as follows: 5.1 Expansion of flexible packaging capacity Phase 2: The total budget of the project is Baht 156.30 million, consisting of the second phase of the production line

, with the initial investment equivalent to the amount of not exceeding THB 200 million (The “Project”). Resolutions relating thereto are set out below: a.) Approve the establishment of ACV under the Thai

136 (67)% New Segments Integrated PET 754 791 (5)% 114 186 171 (34)% Fibers 222 211 5% 43 51 64 (34)% Packaging 71 48 50% 19 17 13 44% Integrated Oxides and Derivatives 75 232 (68)% 31 16 50 (39

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

• Project Olympus is on track and will bring in over US$76M run rate cost savings in 2020 (US$44M realized in 1H20). We enhanced our focused on our 5 strategic priorities as these will help us build

the recognition of trade receivables. The inventories decreased by 18.35 million baht due to the inventory day management decreased. In addition, the Unbilled receivable for project decreased by 34.79

%) Fibers 59 62 55 6% 270 221 22% Feedstock 93 138 178 (47%) 445 592 (25%) New Segments Integrated PET 186 262 256 (27%) 812 734 11% Fibers 51 59 49 3% 244 194 25% Packaging 17 19 11 62% 66 45 47% Integrated

. Project Olympus is on track and will bring in US$76M run rate cost savings in 2020. We decided to remain focused on our 5 strategic priorities as these will help us build sustainable advantages for the

sugar tax and excise tax effective in Oct’19. “Fit Fast Firm” project deliverables in 2019 are lower raw material and packaging costs, packaging optimization, new lighter weight bottles and more