to a 20% reduction in IVL’s core EBITDA. Operating cash flow through this period increased by 33% to $1.3B, as a result of lower prices and operational excellence. IVL has proposed a dividend of

our fibers business to achieve Assets full potential and Operational excellence across 13 sites of Combined PET and Integrated Oxides and Derivatives segments. As we look ahead for 2020, we feel

’ demand are being met at all times  Operational excellence which mean assets reliability, lower costs and maintain high operating rates  Working capital management through efficiency improvement like for

driven by lower industry-wide Integrated PET spreads. Going forward, management will focus on cost management initiatives, drive operational excellence, and working capital optimization in parallel with

polyester value chain  Core EBITDA per ton rose to $140, all time record high  Production of 2.3 million tons, up 6% year-on-year with impact from strategic acquisitions and operational excellence

, quite similar to Integrated PET, and will propel us towards our aspirations in a prudent manner. The transaction will broaden IVL’s expertise in operational excellence, global scale, differentiated

initiatives and cost transformations. The majority are initiatives focused on sales excellence and operational excellence, allowing us to provide better value propositions to our customers and improve overall

excellence measures take hold in the acquired businesses. The Packaging segment is expected to benefit from improving geographic mix and higher operating rate. Earnings for 1Q19 and LTM were adversely impacted

synergy benefits and operational excellence measures take hold in the acquired businesses. The Packaging segment is expected to benefit from improving geographic mix and higher operating rate. Earnings for

Limited was rated in the top level of "Excellence : 5 Stars" for 5 consecutive years. LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020