PCBs, mainly HDI PCBs, increased (Table 5) as new machinery was installed and the price of copper continued to decline (Table 2). However, the majority of factory’s costs are fixed whereas the total

overseas sales under the operation of (Carabao Tawandang or “CBD”), the Group’s overseas sales under the Intercarabao Limited (“ICUK”)’s operation amounted to THB 43 million, increased by THB 14 million or

factory’s utilization rate in the past accounted for only 8-10 percent of the total production capacity at approximately 800,000 – 1,000,000 pieces per year, although the Company is required to bear various