Century Plyboards sets up its largest integrated wood panel manufacturing unit in Andhra Pradesh
HYDERABAD: Kolkata-based Century Plyboards India Ltd has opened its largest integrated wood panel manufacturing plant which has come up at a phase-1 investment of Rs 1,000 crore at Badvel in YSR Kadapa district of Andhra Pradesh. The new plant was inaugurated on Saturday by Andhra Pradesh chief minister YS Jagan Mohan Reddy.
The 100-acre facility, which will manufacture laminates as well as MDF and PVC boards, will see an infusion of another Rs 1,000 crore over the next three to five years and generate over 2,000 direct and indirect jobs in the region, CenturyPly executive director, Keshav Bhajanka, told TOI.
“This is the largest investment in the history of the company, with the phase-1 investment encompassing a 950 cubic metres (CBM) per day MDF line and two hot presses for laminates alongside an over 15,000 tonnes per annum of PVC boards. It will become a single location that perhaps has the largest revenue in the history of CenturyPly. At peak, this facility would generate a revenue in excess of Rs 1,400 crore,” Bhajanka said.
Century Plyboards had clocked revenues of around Rs 3,600 crore in the financial year 2022-23.
According to him, while the trial production of laminates unit was inaugurated on Saturday, the trial production of MDF and PVC will take place between January and February next year with the commercial production to commence in the first quarter of 2024.
In phase-1, the facility will have a capacity to manufacture 8.55 lakh sheets of laminates per annum, 3,13,500 CBM per annum of MDF and 15,000 tonnes of PVC boards at the Badvel facility. In the second phase, the company plans to double the MDF capacity to 2,000 CBM per day and grow to eight hot presses for laminates.
He said the integrated facility will cater to the domestic markets as well as exports with 50% of the laminated produced to be earmarked for exports, especially the larger sizes to markets such as Europe, while for MDF the domestic market will be prioritised with 30% of the output to the exported initially and to be reduced to 10-15% eventually.
The 100-acre facility, which will manufacture laminates as well as MDF and PVC boards, will see an infusion of another Rs 1,000 crore over the next three to five years and generate over 2,000 direct and indirect jobs in the region, CenturyPly executive director, Keshav Bhajanka, told TOI.
“This is the largest investment in the history of the company, with the phase-1 investment encompassing a 950 cubic metres (CBM) per day MDF line and two hot presses for laminates alongside an over 15,000 tonnes per annum of PVC boards. It will become a single location that perhaps has the largest revenue in the history of CenturyPly. At peak, this facility would generate a revenue in excess of Rs 1,400 crore,” Bhajanka said.
Century Plyboards had clocked revenues of around Rs 3,600 crore in the financial year 2022-23.
According to him, while the trial production of laminates unit was inaugurated on Saturday, the trial production of MDF and PVC will take place between January and February next year with the commercial production to commence in the first quarter of 2024.
In phase-1, the facility will have a capacity to manufacture 8.55 lakh sheets of laminates per annum, 3,13,500 CBM per annum of MDF and 15,000 tonnes of PVC boards at the Badvel facility. In the second phase, the company plans to double the MDF capacity to 2,000 CBM per day and grow to eight hot presses for laminates.
He said the integrated facility will cater to the domestic markets as well as exports with 50% of the laminated produced to be earmarked for exports, especially the larger sizes to markets such as Europe, while for MDF the domestic market will be prioritised with 30% of the output to the exported initially and to be reduced to 10-15% eventually.
