varied in accordance with the volume sold consist of (1) raw materials and packaging for productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted
productions. 1.2 Revenue from Refining Service The Company had no refining service revenue since the 2nd quarter of 2019 because there was not enough capacity to services. However, the Company is in the process
due to reduction in several key raw material and packaging costs, and better efficiency from modern production technology that allows economies of scales. Moreover, Asia Can Manufacturing Co., Ltd
both Thailand and abroad temporarily disrupted several economic activities. The tourism sector substantially declined due to Thailand’s inbound travel restriction measures. Manufacturing productions were
conditions. Nevertheless, risk factors still remain from the following 1) Contractions in private investment continue especially in the construction segment 2) Continued slowdown in manufacturing productions
conditions. Nevertheless, risk factors still remain from the following 1) Continuing weakness in the private investment especially in the construction segment 2) Continued slowdown in manufacturing productions
Manufacturing Co., Ltd. ("ACM") the new aluminum can production facilities, produced approximately 171 million cans or equivalent to 68% utilization rate in 2Q/2019, up from 50% utilization rate in 1Q/2019. The
oil and gas productions, utilizing strict quality and safety standards of the offshore industry. The Company has been provided skilled technical personnel to work on both onshore and offshore facilities
holding shares in the Greater China Project, the Group nevertheless benefits from manufacturing and exporting our products to our trade partner in the People’s Republic of China for marketing for the