production after they temporarily reduced their operation due to feedstock price volatility in 2017. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 6 Operating Performance
Segment Revenue from feed business consisted of revenue from animal feed, fish feed, and shrimp feed, represented 17.84% of total sales, amounting THB 706.21 million, reduced by THB 151.50 million or 17.66
, harmonized packaging specification, and reduced bottle weight. - Osotspa maintained its strong leadership position in both energy drinks and functional drinks markets and played a major role as a market growth
expanding construction business group supporting the EEC project. In terms of economic stability, employment rate decreased following to the economic situation while the cost of production reduced, especially
has resulted in a dilution of VGI’s shareholding in MACO from 33.17% to 26.55%. VGI has also reduced its representatives in MACO’s Board of Directors to 2 out of 7 persons (previously: 5 out of 9
, resulting in less quantity of palm products coming to the market. Hence, the CPO’s safety stock has rapidly reduced, while the demand of CPO in Biodiesel’s production has increased after the Ministry of
was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely
, which decreased from the previous year resulting from the competition and the impact of the trade war. Although the sales volume was reduced due to the said situation, the Company could still maintain the
financial institutions. The debt-to-equity ratio reduced to 0.43 at 31 December 2019 compared to 2.34 at the end of 2018. This improvement was mainly due to (1) the repayment of all short-term borrowings from
, Fatty Alcohols supply decreased as producers in some region had reduced their operating rates as well as the price of crude oil being feedstock for Synthetic Fatty Alcohols was rebounding compared to