Century Plyboards announced a INR 282 crore investment plan for the next two years. The company is investing INR 222.63 crore in FY2017/18 and the remaining INR 60 crore in FY2018/19.
According to the announcement, the situation with on-going and future projects as follows:
- MDF plant is in the final stage of completion and likely to commence production by July 2017. Century Plyboards already invested INR 380 crore in the project.
- The expansion of additional 2 lines in its laminates unit is expected to be operational within current financial year
- The company is also investing INR 64 crore in plywood project in Punjab, INR 60 crore in particle board, INR 62.50 crore in laminate unit, INR 20 crore in Guwahati unit and INR 16.65 crore in Gandhidham unit.
- The company plans to set up a door unit in collaboration with a world renowned Chinese company at an estimated cost of INR 50 crore.
About Century Plyboards:
The company is a key player in plywood and laminate industry in India. The company also exports its range of premium products to over 20 countries world-wide.