nurseries Cost of installation, upgrade, maintenance or running costs of manufacturing and processing facilities and associated equipment for solid wood production, veneer and plywood production and

additional investment to upgrade office building’s facilities. - Administration expenses increased due to additional headcount required for the succession plan. Extraordinary items included 15.2 million baht

investment analyst by a regulator in an ASEAN country which is accepted by the SEC Office.1 1 an ASEAN country which is accepted by the SEC Office means a signatory to the Memorandum of Understanding on the

mutual understanding that the information is shared confidentially. The Principles are high-level objectives that CRAs, regulators, rated entities, obligors, underwriters, arrangers, and other market

PetroVietnam Power Corporation-JSC On November 2, B.Grimm Power (BGRIM) signed the Memorandum of Understanding (MOU) with PetroVietnam Power Corporation-JSC (a Vietnamese state-owned corporation) to jointly

by 3.4 mil. baht. - Total expenses increased 9% mainly due to: 1) Cost of rental and service was up by 2.6 mil. baht or 7% as depreciation expenses increased from investment to upgrade office buildings

the sale growth of products during the period as compared. However, the Company has shown continuing effort to improve its net profit margin and is still expecting for an upgrade performance in the

consideration for the second half of the year and is still aiming for an upgrade performance in the new coming years. Please be informed accordingly Sincerely Yours, ----------------------------------- (Mr

continually and closely monitoring the trend to improve its net profit margin and is still expecting for an upgrade performance in the upcoming year. Please be informed accordingly Sincerely Yours

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions