Century Plyboards to export MDF to West & South-East Asia
ECONOMY & POLICY

Century Plyboards to export MDF to West & South-East Asia

Century Plyboards, a leading player in India's wood products industry, announced its intention to commence exporting its MDF products to West Asia and South-East Asia starting from this financial year. The Kolkata-based company, which currently ships laminates to various destinations including the US, Europe, Australia, West Asia, and South-East Asia, revealed its plans to diversify its export portfolio.

Executive Director of Century Plyboards (India), Keshav Bhajanka, disclosed during an interview with businessline that owing to the operationalization of the Badvel capacity, the company would venture into exporting MDF in addition to laminates. He mentioned that the primary markets for MDF exports would be West Asia and South-East Asia due to the lower freight costs. Export activities are anticipated to commence as early as the next quarter, as per Bhajanka.

In December of the preceding year, the company inaugurated its new integrated wood panel manufacturing plant, a significant investment amounting to ?1,000 crore, situated across a sprawling 100-acre site in Badvel, Andhra Pradesh.

Bhajanka emphasized the significance of the MDF segment within the plywood business, anticipating it to emerge as a key growth driver in the foreseeable future. He highlighted its potential role in catering to the middle-income segment owing to its affordability compared to plywood.

Despite the overall plywood industry in India experiencing a growth rate in the high single digits, the MDF segment stands out with a growth rate exceeding 30 percent. The Indian MDF industry is estimated to be valued at approximately Rs 50 billion.

Century Plyboards, a leading player in India's wood products industry, announced its intention to commence exporting its MDF products to West Asia and South-East Asia starting from this financial year. The Kolkata-based company, which currently ships laminates to various destinations including the US, Europe, Australia, West Asia, and South-East Asia, revealed its plans to diversify its export portfolio. Executive Director of Century Plyboards (India), Keshav Bhajanka, disclosed during an interview with businessline that owing to the operationalization of the Badvel capacity, the company would venture into exporting MDF in addition to laminates. He mentioned that the primary markets for MDF exports would be West Asia and South-East Asia due to the lower freight costs. Export activities are anticipated to commence as early as the next quarter, as per Bhajanka. In December of the preceding year, the company inaugurated its new integrated wood panel manufacturing plant, a significant investment amounting to ?1,000 crore, situated across a sprawling 100-acre site in Badvel, Andhra Pradesh. Bhajanka emphasized the significance of the MDF segment within the plywood business, anticipating it to emerge as a key growth driver in the foreseeable future. He highlighted its potential role in catering to the middle-income segment owing to its affordability compared to plywood. Despite the overall plywood industry in India experiencing a growth rate in the high single digits, the MDF segment stands out with a growth rate exceeding 30 percent. The Indian MDF industry is estimated to be valued at approximately Rs 50 billion.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code