EVEN though it was selected as one of the potential contractors of the olefin and aromatic refinery megaproject at the Trans-Pacific Petrochemical Indotama (TPPI) complex in Tuban, East Java, Rekayasa Industri, also known as Rekind, could not breathe a sigh of relief. The subsidiary of Pupuk Indonesia, the holding company for state-owned enterprises (SOEs) engaged in the fertilizer industry sector, is facing a mountain of financial problems.

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