Indian DéCor Paper Market Grows, Europe Drops

Indian Decorative Laminate Industry has given super boost to base paper consumption that has hugely benefited the Indian and Chinese printers. Growing market of High Pressure Laminates and Prelam Boards at good pace is pivotal factor behind growing demand of décor base paper used for Print and as Plain. At recent survey by BSMR, market research wing of ‘The Ply Reporter’ magazine, indicates that consumption of print base paper of Indian HPL and LPL industry has reached approximately 80,000 MT per year in 2018.

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Alternate Materials Taking Share of Wooden Window Frames

Increasing cost of imported wood is giving a smooth road for alternate material for window frames application in metro and big cities. A recent survey in Delhi, Mumbai, Bangalore, Hyderabad, Lucknow, Chennai, Surat, Pune etc found that the builders started preferring other materials such as Aluminium, UPVC, LVL, Steel, etc for window frames. Builders say that imported wooden window frames prices are fluctuating every day, and prices are going beyond their budget, so they have started preferring alternate options.

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Plywood Supply to Rise, Exceed Demand, Profits to Drop

In 2018, The plywood manufacturing capacity is set to rise by 25-30 percent thanks to new factories and expansions taking place at various places in North India. Punjab, Haryana and Uttar Pradesh shall witness beginning of around 150-200 new units within 2018 which will certainly flood over the market compared to anticipated demand. The pressure on sales will push the market towards “Buyers’ market” hence there will be a drop-in price of finished goods specially after May 2018.

Read Full Article:- http://www.plyreporter.com/article/20070/plywood-supply-to-rise-exceed-demand-profits-to-drop

PPMA Seeks Special Status for Plywood Industry

Punjab Plywood Manufacturers’ Association (PPMA) has sought to the central government to put the plywood industry in the special category and reduce the interest rate by 2 percent because plywood industry has been considered as the agro-based industry. They asked the government to direct financial institutions and banks to reduce the interest rate. Mr. Ashok Juneja, Chairman, PPMA addressing a meeting of plywood producers of state-organized recently in Ludhiana said, “Plywood had been duly declared by the government as an agro-based industry but no concessional treatment was given to it.”

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Skilled Manpower Shortage, a Growing Worry!

Entire Indian wood panel & plywood, decorative laminates, doors, WPC/PVC, furniture and kitchen manufacturing sectors are adding to their production capacity year on year. Report says that more than 200 plywood presses are being added in ply, MDF and Particle manufacturing capacity is growing, HPL and WPC on the same way apart from addition of various next generation engineered doors units. Furniture and kitchen sectors are also expanding their production capacity etc but all are ignoring a big issue. Do the companies know that how and from where would they find skilled manpower for smooth running of their operation. Data suggests that the entire wood panel, decorative and PVC sector are making big losses may be in tune of 300-400 cr annually due to shortage of skilled manpower and lacking of able technical heads. Increasing production of B-grade materials, growing overhead cost and under utilization of installed capacity is good enough to justify the numbers.

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No Relief Indication in Phenol – Formalin Prices in January

Wood panel and decorative laminates industry has to bear the cost of high phenol and formaldehyde prices in a month because sources confirm that there is no relief in prices in January as well. The chemical importers indicated the prices of phenol will maintain its same price level of December last month till mid of February 2018. Importers reasoned that the inventory at Indian ports are very low, which is supposed to fill by first week of February then the prices are expected to soften although they anticipate that it will not come down below 90 levels till March.

Read Full Article:-http://www.plyreporter.com/article/20076/no-relief-indication-in-phenol-formalin-prices-in-january

2018 Is Expected to Be Better but Not Everything Is Rosy

Welcome to the year of hope and beginning of a new growth cycle. The retarding effects of GST, DEMO & RERA are still present but market recovery and growth is expected, especially from the first quarter of FY 2018-19. Past one and half year have been riddled with slowdown, liquidity crunch, reforms led uncertainty in general where building materials segment is worst affected. Despite ofextremely slow demand in Wood, Panel and Decorative materials category, a huge capacity addition has taken place in this segment thus Year 2018 is set to witness a storm of competition in wood, panels and decorative surfaces category.

Read Full Article:- http://www.plyreporter.com/article/20069/2018-is-expected-to-be-better-but-not-everything-is-rosy