Published on November 3, 2015

Plywood industry is running with a weak velocity. In the first third quarters of 2015 consumer’s projection of sales turnover and estimated margin growth fall short due to slow demand in the region.

Past couple of months has been depressing, full of oversupply and drop of payment by almost 25-30 percent across sectors. This has led to the period of compromised quality and playing with standards. But playing with quality for profit margin will never be good for any products.

Recently wood based panel industries are adding their production capacity as these products will fulfill the demand furniture for the customers.

Skill is very important for production that will help in improving profit margin and brand image. Market player’s needs for skill set in the areas of technology, work, services and better productivity with lower cost.

To attain good profit margin market players have to work for the product development with the improved product which will boost the demand prospects and sales projections as well, said by market participants.