Organized Wood Panel Brands Witnessed Steady Growth With Less Margin

Organised wood panel and plywood companies have witnessed a growth ranging between 6 to 12 percent across the sector during financial year 2018 - 19. Though the drop in their profit margins is an indicator of pressure in this segment. Entire bucket of Plywood, Panels, Decorative laminates or Doors producing companies and brands have expanded their network and extended their product categories to cater different buyer groups but the past Q3 result in FY 2018 - 19 and the expected results being heard is keeping a profitability pressure among organized players.

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Automation Is the Key to Future

Indian Wood Panel & Furniture manufacturing are getting mature gradually and producers are moving towards high production with modern machines for quality work to support big volumes. There is pressure on margins because supply is more and market is becoming competitive. The logic behind big volumes is to reduce overhead cost and generate ability to sustain. In present scenario, those firms having turnover between Rs 80 -Rs 150 crore are moving towards Automation in plants to keep them safe and be different from the crowd.

Plywood companies are bringing high capacity Boilers, Jumbo Driers, auto Core Composers, Auto Loading-unloading system, 20-daylight presses, double side sanding, Calibrator, High Speed Peeling with smooth work flow layout.

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