Century Plyboards expecting 20-25% revenue growth this fiscal year
Century Plyboards is expecting a 20-25 per cent growth in revenue this fiscal and is setting up a new Rs 700-crore manufacturing plant in Andhra Pradesh, its ED Keshav Bhajanka said. Kolkata-based Century Plyboards -- one of the leading players in the wood panel sector -- currently has nine manufacturing plants in West Bengal, Haryana, Punjab, Uttrakhand, Assam, Gujarat and Tamil Nadu for plywood, MDF, laminate and particle boards. It has six plants for plywood and one each for laminate, MDF (Medium Density Fiberboard) and particle board. In an interview with PTI, Century Plyboards (India) Ltd Executive Director Keshav Bhajanka said the demand for all of its products is strong, primarily from retail consumers, driven by a revival in the housing segment. "We are expecting 20-25 per cent growth this fiscal in our annual turnover," he said. Its main demand comes from retail consumers, with a small percentage of sales from institutional buyers. Asked about the expansion plan, Bhajank25-09-2022
