Alternate Ply Set To Return, ‘All Poplar Ply’ Unviable

The abundance of Poplar plantation in Northern India offered an opportunity for plywood manufacturers to produce all core Poplar plywood during last 4 years. At the same time, the plantation supplies also helped the growers, consumers and the markets. The all poplar plywood had reached its bottom price that provided ample of opportunities to traders of different markets in India to sell ‘All poplar Ply’.

Read Full Article:- http://www.plyreporter.com/article/20147/alternate-ply-set-to-return-all-poplar-ply-unviable

Producing Plywood! Why Big Volumes, If Not Selling @10% Margin On 30-45 Days Payment Schedule?

The Plywood industry’s Capacity vs Demand Gap has widened where capacity is higher by 50% or can say there is double the capacity than demand. Unlike laminate where you need design and marketing sense to grow, in plywood you just need to reduce the price to finish your stock. And that is why plywood industry has begun bleeding and soon its impact shall reach to traded retailers as well.

Plywood is a commodity material, though in India it is sold like branded products. Consumer does ask for brand recognition, but percentage of such people is merely 5-7%, and growing. Plywood is largely purchased on the basis of recommendation from Dealers, Carpenters and even sometimes referred/ specified by Architects-Interior designers. According to the market demand patterns analysed by us at Ply Reporter of past 12 years, retail sales dominate in Plywood.

Read Full Article:- http://www.plyreporter.com/article/20200/producing-plywood-why-big-volumes-if-not-selling-10-margin-on-30-45-days-payment-schedule

HOF Furniture Looks For FDI For Further Growth

With its eyes set on Foreign Direct Investment (FDI) for its furniture brand HOF, the Ahmedabad-based office furniture player, HOF Furniture Systems Pvt Ltd, is expanding its operations in the hospital furniture and home segments, to become a comprehensive furniture brand in the next three years.

 The company’s founder and chairman, Pravin Patel told to Business Line, “In the next three years, we plan to have FDI investments in our brand to add value to our existing operations, bringing global expertise in technology and best practices and further strengthen our position in the Indian furniture space.”

Read Full Article:- http://www.plyreporter.com/article/10045/hof-furniture-looks-for-fdi-for-further-growth

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.

Read Full Article:- http://www.plyreporter.com/article/20237/sharp-growth-in-acp-market-in-2016-17

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