Published on August 24, 2015

Currently plywood market is running with a monotonous rate of knot.  There has been about 40 percent stab in the plywood and laminate market, as per distributors and dealers.

Market players said that decrease in the demand of construction material has reduced the prices of laminate and plywood too. The decrease in the price of plywood has also affected the prices of products.

Recently industry players are working on the quality control programme in the manufacturing of laminate and plywood to build up the quality image for product and gain the customer expectation.

As per the recent report, Century Plyboards (India) Ltd. which is having a premium reputation as a consumer brand is planning to create a sub-brand, SAINIK PLYWOOD first time in the market through TVC. In Dec. 2014, CPIL, incorporated a wholly owned subsidiary, Century Ply (Singapore) Pvt. Ltd. in Singapore.

According to report, to see the present market condition with the innovative ideas market predictors are positive about the near term demand outlook.