requirement remains in effect until the Minister of Finance approves the revocation of the company’s license. However, even after the effective revocation of its license, Zipmex retains its status as a
internationally recognized standards. In collaboration with its 23 member banks, the Thai Bankers’ Association has established Thailand Banking Sector Computer Emergency Response Team (TB-CERT) with the support of
provide services that fit the criteria of Critical Information Infrastructure Organizations (CII Organizations), including the financial and banking sector, are required to have in place measures to protect
downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated
and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code
THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives
V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from
quarter driven by resilient sales and margins in Integrated PET, USA PX and PIA businesses. Core net profit grew to THB 1.6B • Core EBITDA grew in all segments and in all regions as our products primarily
activities and the low rate of capacity utilization in manufacturing sectors. For banking sector in the year 2019, overall bank loan grew at a slower pace mainly attributed to subdued corporate loan growth in