The Jakarta Post quoted Fajar Budiono, secretary general of the Indonesian Olefin, Aromatic and Plastic Industry Association (INAplas), saying the plastic and petrochemical sectors are bracing for potential mass layoffs because of low utilisation rate of factories amidst growing import. Yet, Chandra Asri Petrochemical (TPIA), the largest player, continues its overtly high valuation in the stock market. To subscribe please click here