, with a manufacturing capacity of 50 tons per day. In this connection, the Company will have Environment Pulp and Packaging Co., Ltd., which is a subsidiary of the Company, act as the project company, the

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

Earth Tech Environment Public Company Limited Page 1 17th August 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th June 2020 To President The Stock

or any obligation in project investment or other similar obligations that may effect to its operation. Factors Affecting Business Operation in the Future For the year 2019, the Company expects that

were absorbed in the PET and Feedstock segments due to good demand environment but were lagging in our Fiber business. LTM 3Q 2018 versus LTM 3Q 2017  Core EBITDA increased to $1.4 billion, up 45

Earth Tech Environment Public Company Limited 11th November 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th September 2020 To President The Stock

due largely to major public and private projects delays to Q2/2019 and Q3/2019; - Wholesales/Retails down 6% Y-O-Y mainly from a highly competitive environment and weak consumer spending; - Whilst

, higher demand for virgin materials following the China import waste ban and superior supplier discipline has created a more balanced environment resulting in higher utilization rates and margins. Our

environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of 2018 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 2 2. Risk