The rain and flood has badly affected the plywood manufacturing in Kerala. The Perumbavoor region is the worst hit area with respect to industrial damage. The destruction caused by flood and rain has hit the plywood factories and its productivity in Kerala. The loss to plywood industry alone is anticipated in tune of more than Rs. 350 crore. According to Mr. M.M Mujeeb Rahman, President of Sawmill Owners & Plywood Manufacturers Association (SOPMA), the industry has never seen such a massive setback since inception. Talking to The Ply Reporter, he said, “More than 60 plywood units have been damaged or immersed in water fully or partially. Each unit is having an approximate loss worth Rs. 60 lakh to 2 crore due to the dreadful rain and flash flood.
Read Full Article:- http://www.plyreporter.com/article/20179/kerala-plywood-industry-hit-hard-due-to-flood-loss-crosses-rs-350-cr
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