Companies in the timber industry / Daily News / Wood Products / Wood-based panels / Asia & Middle East / Global
July 3, 2018
India: Greenply starts production at new MDF plant
Greenply's plant in Chittoor, Andhra Pradesh started commercial production of MDF on July 1. The plant has an annual capacity of 360,000 cubic meters. For FY19, the new MDF production unit is aiming at an annual capacity utilization of 45 per cent. The plant is situated at Routhu Suramala, Thottambedu, Chittoor, Andhra Pradesh. On the financial front, for Q4FY18, the company's net sales were down by 6 per cent YoY at Rs. 420 crore. While gross margins were lower by 310 bps YoY to 44.8 per cent due ...
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