Greenpanel Industries Ltd., India’s largest manufacturer of wood panels, reported on Sunday (12-26-21) that the company’s MDF plant located in Rudrapur, Uttarakhand has resumed full production and is operating at full capacity. This after the repair of the refiner and replacement of other defective components has now been completed.
The company also reported that because the loss of production due to the shutdown lasted beyond 14-days the losses will be covered by business interruption insurance. The company is in the process of ascertaining the amount of actual loss and is waiting for further documentation from the OEM manufacturer.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.