almost all nationality groups, especially the number of Chinese tourists. Meanwhile, domestic demand expanded at a gradual pace both the private consumption and investment. Public expenditure remained an
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
significant debts. So, the company plans to dispose of its investment in the Spring since the beginning of the year 2018 to reduce capital burden and expenditure of the company to be at an appropriate level and
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
between the US and China, baht appreciation and pending of government expenditure as delay of government established. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the
International both domestic and overseas annually during 2019-2021 with the estimated average capital expenditure (excluding new investment) at approximately THB 1,000 million per year and the expected EBITDA
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
export-oriented industries together with supports from the continuous progresses in public infrastructure investment. Meanwhile, public expenditure increased at a slower pace partly, partly because some