TPIA’s Stock Leverage Tested as Middle East Conflict Rattles Petrochemical Industry
TPIA faces pressure as Middle East tensions disrupt petrochemical supply chains, impacting stock performance and operations. The company issues force majeure and adjusts operations.
(Bisnis.Com) 01/01/70 07:00 156095
Bisnis.com, JAKARTA — Escalating tensions between Iran and the United States (US)–Israel, which have disrupted the flow of raw materials across the petrochemical supply chain, have put PT Chandra Asri Pacific Tbk under mounting pressure.
The petrochemical producer, trading under the ticker TPIA and controlled by tycoon Prajogo Pangestu, has issued a force majeure notice to its business partners.
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