quality that will be produced the product of Lacquer which is tin coat paint both inside and outside without BPA substance. In the present, Customers have started to test the products. We expect to be able

strengthen business confidence both in the manufacturing and the service sectors. However, cost of manufacturing tended to rise following to the labor coat and material prices, while increasing prices of good

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...