Sharp Growth In ACP Market In 2016-17

A very sharp growth has been seen in demand for ACP during last two years. Year 2016-17 has a sudden upward curve due to demand in urban and semi urban areas in applications of signage’s and partition panels. According to data till 2014 there were 23 manufacturing establishments for ACP were in operation in different states. But 2017 pointing the number of manufacturers reaching to 40 plus. Apart from new units’ majority of plants have added manufacturing lines to feed the bulging demand in this product category. According to Ply Reporter estimates the Aluminium composite panel units capacity has grown by almost 45 percent during last two years, where as production volume too has grown by 25 percent.

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ACP Sector To Witness Robust Growth Under GST Regime

In India, the market for ACP industry is close to 2200 crore with presence of around 45 manufacturing units across the country. According to ACP industry pioneers, the share of branded players was on a down ward trend since last 5 years because unethical practices were becoming rampant among the unorganized category players. But GST has given a level playing field which was much needed for the better of infrastructure growth, economy and organized business practices.

Read Full Article:- http://www.plyreporter.com/article/10099/acp-sector-to-witness-robust-growth-under-gst-regime

New Ply Wood License In UP, Successful Applicants Names Is About To Be Declared In December

The applicants, who had submitted their online applications to establish new Plywood, Veneers, MDF, Particle Boards and Saw mills units in Uttar Pradesh, the name for successful applicants is about to be declared in December 2018 itself. The Chief forest conservator, UP Government, Sri M.P Singh, reveals it in an exclusive interview with The Ply Reporter. Mr Singh said, “The delay in finalizing of the name of applicants through e-lottery or draw of lot occurred due to some proceedings and paper work along with some work left at technical end.” It is expected that the name of successful candidates will be announced by second week of December or before.

Read Full Article:- http://www.plyreporter.com/article/30509/new-ply-wood-license-in-up-successful-applicants-names-is-about-to-be-declared-in-december

Payment Recovery, A Nightmare At Present Across The Industries

Extremely slow payment recovery is the biggest negative at present that unorganized wood panel industry is going through reports Ply Reporter correspondents from the market. Payment recovery and collection has become a challenge, and it is already exceeding 90 days as an average credit limit for at least half of the trade. The hands to mouth companies are choking and are unable to run their business thus loosing the supply chain.

Read Full Article:- http://www.plyreporter.com/article/30467/payment-recovery-a-nightmare-at-present-across-the-industries

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.

Read Full Article:- http://www.plyreporter.com/article/20182/costly-dollar-push-imported-decorative-surface-cost-upward