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Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at
% decrease in gross profit versus prior year due to a challenging US retail environment higher food costs, changing product mix and 2017 carry over benefit of $700K from Japan perpetual license deal
- formance Fi- bers) 18 Kt pa 1H18 a. Expand to meet growing de- mand of tire-cords 3 Expected doubling pro- duction of IPA with commit- ted supply of xylene Expected over 100Kt pa increase in pro- duction
finished product increased from the move to expand transactions with its trade partners and introducing new products, under the company’s strategic plan to expand the business. Marketing Business Group
% completed by Octo- ber2017 2 Expansion of HVA Automo- tive Fibers in China (Per- formance Fi- bers) 18 Kt pa 1H18 a. Expand to meet growing de- mand of tire-cords 3 Expected doubling pro- duction of IPA with
- mer BP and CEPSA facilities ac- quired in March/April 2016. Volume from the newly expand- ed PTA facility in Rotterdam will mostly benefit 2018 since the impact in 2017 was offset with tie-in shutdowns
- mer BP and CEPSA facilities ac- quired in March/April 2016. Volume from the newly expand- ed PTA facility in Rotterdam will mostly benefit 2018 since the impact in 2017 was offset with tie-in shutdowns
margins corrected to LTM 2Q18 level HVA 284 271 268 • PEO, NDC, Packaging margins steady • IPA margins lowered to sustainable level • HVA Fibers margins to expand post 1H18 supply issues • Avgol, Kordarna
grew thoughtfully and systematically, building off the scale developed in the PET business at our core. We expand with the intention to build our downstream businesses to create more added value and our