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Weak construction activities have caused a decrease in demand for plastics, impacting business results, but expectations of improvement arise as state capital divestment boosts share prices.
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The plastic industry is currently experiencing a decline in revenue, but there are notable differences in profit performance among enterprises.
The State Capital Investment Corporation (SCIC) has recently announced its first phase of divestments for 2023, which includes 73 enterprises with some high-profile companies in the stock exchange.
In 2022, State Capital Investment Corporation (SCIC) is expected to divest at 101 member companies.