A Plastics Maker Soars 205% on Jokowi’s Push to Cut Imports
- Barito jumps on strong demand for plastics and power
- Indonesia aims to end petrochemical imports in next four years
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The Indonesian president’s push to boost domestic petrochemical production has helped send shares of the nation’s largest plastic producer up 205%, making it this year’s top performer in the market.
The surge in conglomerate PT Barito Pacific compares with a 0.6% gain for the benchmark Jakarta Composite Index. The company, which produces everything from energy to petrochemicals, is also the best performer among 155 members in the MSCI Asean Index.