activities was THB 1,312mn. The key components were (i) increase in current investments of THB 1,021mn, (ii) cash paid for purchases of property, plant and equipment of THB 752mn, (iii) increase in long-term
by low core ROCE for EMEA region and EBITDA/t due to transition year of Artlant PTA and Egypt PET acquisitions made in last six months undergoing startup/ramp-up. Improvement in West PTA and PET
aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and
production volume and higher overall earnings as assets acquired in 2018 and the consolidations of 2018/19 were successfully integrated. These include acquisitions of PTA Portugal, PET (Egypt and Brazil), and
benefitted from higher production volume and higher overall earnings as assets acquired in 2018 and the consolidations of 2018/19 were successfully integrated. These include acquisitions of PTA Portugal, PET
production in China in 4Q 2017. Together with PHP and Performance Fibers, these acquisitions propel IVL into a position of strength in Rayon, Aramids, Nylon 6.6 and Polyester businesses within the auto segment
earnings are supported by the Feedstock and PET segments led by the ongoing stra- tegic acquisitions and improving margins respectively. Our HVA strategy continues to deliver enhancement to our earnings in
facility is currently under normalisation. This follows acquisitions of M&G Fibras in Brazil and UTT (Airbag fabric in EU and Mexico) in 1Q19, thus strengthening our strategy of domestic supplies to global
)% Acquisition cost & pre-operative expense (3) (2) (1) (9) (3) 207% Gain on Bargain Purchases, impairments and feasibility study (Net)* (0) - 74 4 154 (97)% Other Extraordinary Income/(Expense) 0 1 (2) 18 (3