is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we
grades. during the current period. These factors are likely to impact the results of Q3 2019 but with the completion of Government formation process and discussions on providing stimulus to revive the
current period. These factors are likely to impact the results of Q3 2019 but with the completion of Government formation process, discussions on providing stimulus to revive the economy and enforcement of
ding price onship with N n of the NM ce within the as a connect uary 2018 dditional info MG who has r e specified pe ted person to at the offic formation acc NMG or MG who has r e specified pe ted person
-named Spindletop); footprint expansion into a growing market in India; formation of a dedicated team to grow the PET recycling business; continued focus on working capital optimization coupled with an
re- place purchased PTA appears well timed. In Asia, firstly the formation of a 50:50 JV in India in September 2016 led to subsequent de- consolidation of superior margin India PET business and
China 2) Global economy would expand at a slower pace 3) Progress on significant infrastructure investment projects and private sector investment during the transition period of policy formation by the
amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound
the core business operation from formation of vision, objectives and strategies to business risk assessment and day-to-day activities, for example, product design, raw material procurement, production