Greenply Plans To Scale Up Capacity With Additional Investment Of 4 Mn Euros At Its Gabon Unit

The company said it targets to hit a capacity utilization of 55 per cent by 2018-19 and scale up to 100 per cent by 2020-21. Greenply Industries is investing four million euros to scale up the manufacturing capacity at Gabonese Republic (Gabon) in West Africa.

The Gabon veneer manufacturing facility, which was set up with an initial investment of 11 million euros and has a annual processing capacity of 96000 cubic meters (cbm) of Okoume timber, will get the fresh infusion to scale up its processing capacity from 3,000 cbm per month to 8,000 cbm by March 2019, a company release stated. The facility, located at the NKOK Special Economic Zone, manufactures Okoume face veneers with thickness ranging from 0.2mm and upwards.

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PLYBOARDS Distributors Should Not Fear Growing Competition!!!

The present market situation is dull despite of GST coming down to 18% on Ply, boards, Doors, MDF, PB, Decorative veneer, Furniture, Hardware and other building materials. Who so ever the Ply Reporter team visited be it distributor, retailer or a stockiest, everyone sounded desperate for some business pick up and faster payments. Since earnings are not matching with rising expenses and Payment recovery is a growing worry, the puzzle is getting trickier. People ask us, is it slow for them or for all?

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Virgo Supports Needy And Talented Students

Giving back to the society is one of the most important values Virgo Group has always lived by. In a recent CSR activity they reached out to the needy & talented children from the backward areas and given them a day full of surprises, gifts, good food & reading stuff and the most importantly happiness to them.

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Decorative Veneers Demand To Remain Stable

The growth in decorative veneers demand carry an individual perception that varies company to company or dealer to dealer. Though the growth story in decorative wood veneers continue to head up even amidst multiple policy introductions and turbulent implementations. Despite of slow markets, decorative veneers remain a favourite material for home upgrades indicated the survey done by BSMR among retailers, showroom owners and decorative veneer manufacturers.

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Fact: The 0.9 Mm Laminate Folders Are Loss Making

0.92 mm laminates range was born in Indian retail market 3 years ago with cheap offerings first copy of 1.0 mm pattern. The competition in 1.0 mm category led few of the new laminate manufacturers to accept distributors proposal to create 0.9 thickness range but promoted in line of 1.0 mm. This a segment emerged entirely as brain child of market driven forces, who successfully convinced the producers that, it is one of the smart way for those, who are eager to enter upper or sub 1 mm range.

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SUNMICA Today Has Become An Iconic Laminate Brand With One Of The Best Variety In Its Range

Bhopal, MP based SUNMICA WORLD is a nearly 20 year old firm dealing in wood panel industry with special focus on laminate. The proprietor of the firm MR VIKRAM CHHABRA is long associated with SUNMICA since 1993 brand even he had not ventured his firm separately. The association with SUNMICA guided him to achieve growth and his business got big boost as he could developed several new potential customers and his our sub dealer network improved. The Ply Reporter presents a snapshot of a conversation with him on his success.

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Strong Dollar Is Helping Domestic MDF Demand

Rocketing dollar prices against Rupee is reported to help domestic MDF manufacturers in taking over imported MDF market. Report from trade hinted that the price gap between imported and domestic MDF prices has been narrowing because the dollar rates have jumped by over 15 percent in last two months. Reports say that domestic MDF producers have been receiving some fresh queries in September, which has brought happiness as earlier they were compelled to reduce their capacity due to slower demand.

Read Full Article:- http://www.plyreporter.com/article/20385/strong-dollar-is-helping-domestic-mdf-demand