MD&A in US$ as it believes that the business can be explained better in US$ terms. However, THB numbers are also given where needed. Readers should rely on the THB results only. 10 List of Tables Table
exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given where
believes that the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. 11 List of Tables Table 1 Core Financials of
closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given
closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However, THB numbers are also given
translated into US$ at the average exchange rates and closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better
business as explained earlier as well as the planned turnaround at the PET location in China. Strength in secondary feed- stocks like IPA which benefitted IVL in the EMEA region impacted the PET business
EBITDA and ROCE were weak for the quarter and LTM due to de-consolidation of India PET business as explained earlier. Earn- ings were also impacted due to the planned maintenance shutdown at the PET
strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7
measurement from November 2019. The Regulations and Notifications to make the Act operative is expected to be announced in the next few months. - The Government has also imposed Anti Dumping on Steel Pipes and