Insurance Scheme For Furniture Manufacturers And Merchants In Kerala

Furniture industry was badly hit by the unprecedented flood in Kerala state two months before. This natural calamity has made the industry people to make an arrangement or its revival and safeguard in the future from any type of such happenings. Coming forward to find out solution to the cause Furniture Manufacturers and Merchants Association (FuMMA) has launched insurance scheme for furniture manufacturers and merchants in the state ‘FREE OF COST’ offering them cover from natural calamities, burning, theft and any type of such happenings. The association came into existence in the year 2012 and currently have nearly 3500 members.


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Sawn Timber Import Posts 44 % Growth In FY 2018

Sawn timber imports witnessed a big boost in FY 2018 after having marginal drop last year. The data revealed by the reports from DGCI&S indicates that import of sawn timber has increased by Rs 800 crore (44% growth) reaching to Rs 2615.14 crore in 2017-18 from Rs 1805.54 crore last year. It is noted that rising trend in sawn timber import is continuous phenomenon for India market since 2014-15, and the import value has almost doubled.

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Costly Dollar Push Imported Decorative Surface Cost Upward

Strong Dollar against Rupee is directly affecting the prices of all kinds of imported decorative highlighters panels. The reports from western markets reveal that the importers are looking at an opportunity for increasing the price by an approximate 10 % higher cost, thus causing cascading effect on prices of these imported interior decor panels immediately. The importers are analyzing the affect of high dollar prices on materials like PVC sheets, WPC boards, Charcol panels, Wall paper, Floorings, and have already passed on around 7 to 8 percent of the price rise.

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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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