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TPI needs the stevedores to move more oil drums in Bangkok |
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Mired in debt, Thai Petrochemical Industry is Thailand’s biggest restructuring headache. Central to the problem is a perceived difference over strategy between TPI’s management and recovery practitioner Ferrier Hodgson. If TPI is to pull itself clear of trouble, its managers claim, it needs access to large amounts of working capital that are not currently forthcoming.
TPI is Thailand’s largest defaulting corporate debtor. It owes $2.9
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