full-year contribution from Invista Germany. Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance
year that IVL realize full-year contribution from Invista Germany. Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of
over the last eight quarters. Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash
2018 MD&A 7 Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are
the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the
$150 million in 3Q18 vs $149 million in 3Q17, supported by increase in EOEG and integrated North American PTA margins. Indorama Ventures 3rd Quarter 2018 MD&A 9 Capital Expenditure Program We continue to
the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the
attributed mainly by number of factors, namely 1.) Growth in Tourism sector from visa-on-arrival measure and Hong Kong disturbance which reflects an increasing in tourists 2.) Government spending for
investment Cash Purchase of investment in subsidiary and affiliated Sale of investment in subsidiary and affiliated Cash spending for Purchase of property, plant and equipment Cash receiving from sale of
Cash spending for Purchase of property, plant and equipment Cash receiving from sale of property, plant and equipment Net cash flows from investing activities Cash flows from financing activities