Greenply
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India: Greenply Industries plans to rise plywood prices to offset rising costs
Greenply Industries Ltd, one of the largest plywood producers in India, is likely to announce a price hike in April to offset the rise in input costs. The company had earlier this month had revised its product prices by three per cent . According to Manoj Tulsian, Joint Managing Director and CEO, Greenply Industries, the ongoing geo-political tensions had led to volatility in raw material costs. The price of timber and certain chemicals have already increased by nearly 15 percent over the last 10-12 months and the current conflict has further affected the supplies. “It is a volatile situation. There is a cost side pressure, we took a price hike of around three percent in March and we will again evaluate the situation in April. If raw material prices do not come down then we may have to go in for another round of price hike,” Tulsian said. To maintain a margin, the company... Continue reading
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April 25, 2018
GreenPly starts production at new MDF plant in India
GreenPly Industries produced the first board at its new MDF plant in Chittoor District, Andhra Pradesh, India on April 1, 2018. On its new line, Greenply produces 1,400 m³ of high-quality MDF per day. As raw material, mainly fast-growing woods such as eucalyptus will be used. According to the announcement, the 56 meters long production line has the Dieffenbacher CPS at the core. It is the longest continuous press in Asia. In the quarter ended on December 31, 2017 GreenPly Industries increased EBITDA margin to 16%. Earlier GreenPly Industries considered de-merge of Greenpanel Industries in India. About GreenPly Industries: The company is a leading Indian producer of plywood and MDF. Its market share accounts for almost 30% of the organized plywood and 30% of the MDF market in India. GIL has four state–of-the-art manufacturing facilities for Plywood and one facility for MDF... Continue reading
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March 31, 2022
India: Greenply Industries plans to rise plywood prices to offset rising costs
Greenply Industries Ltd, one of the largest plywood producers in India, is likely to announce a price hike in April to offset the rise in input costs. The company had earlier this month had revised its product prices by three per cent . According to Manoj Tulsian, Joint Managing Director and CEO, Greenply Industries, the ongoing geo-political tensions had led to volatility in raw material costs. The price of timber and certain chemicals have already increased by nearly 15 percent over the last 10-12 months and the current conflict has further affected the supplies. “It is a volatile situation. There is a cost side pressure, we took a price hike of around three percent in March and we will again evaluate the situation in April. If raw material prices do not come down then we may have to go in for another round of price hike,” Tulsian said. To maintain a margin, the company... Continue reading
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September 26, 2018
Indian Greenply to build a plant in Gabon
Greenply Industries Ltd., a major company in the Indian plywood industry, has made an initial investment of €11 million in a manufacturing unit in Gabon in West Africa. The facility comprises a 96,000 cubic metre capacity for making Okoume Timber face veneers on 10 hectares in a special economic zone, using the natural hardwood Okoume timber, which will be harvested through a sustainable forest management plan. Another dose of €4 million investment would be made by March 2019 with full capacity utilisation being achieved by 2020-21, the company said in a statement. Greenply's managing director Rajesh Mittal said that it was among the first few industries to set up a manufacturing unit in Gabon where the company has found a sustainable and economic solution to using gurjan trees (now being done in India). Greenply is engaged in manufacturing and marketing of plywood, block... Continue reading
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March 31, 2022
India: Greenply Industries plans to rise plywood prices to offset rising costs
Greenply Industries Ltd, one of the largest plywood producers in India, is likely to announce a price hike in April to offset the rise in input costs. The company had earlier this month had revised its product prices by three per cent . According to Manoj Tulsian, Joint Managing Director and CEO, Greenply Industries, the ongoing geo-political tensions had led to volatility in raw material costs. The price of timber and certain chemicals have already increased by nearly 15 percent over the last 10-12 months and the current conflict has further affected the supplies. “It is a volatile situation. There is a cost side pressure, we took a price hike of around three percent in March and we will again evaluate the situation in April. If raw material prices do not come down then we may have to go in for another round of price hike,” Tulsian said. To maintain a margin, the company... Continue reading