India’s Century Plyboards Announces Extensive Non-Structural Panel Expansion

India’s Century Plyboards has announced that it is considering an investment of Rs 2,000 crore to expand its laminates, MDF, and particleboard capacities over the next three years, according to a report by “Construction Week India” (5-9-23). A majority of the expansion would be through greenfield projects.

With the investment, the company is hoping to achieve a turnover of Rs 5,000 crore by fiscal year (FY) 2026—up from Rs 3,000 crore in FY 22—backed by expansion of capacity and additional newer product categories.

As part of the capital allocation plan, Century Plyboards is commissioning additional MDF plants at an investment of more than Rs 600 crore by the second quarter of 2023–24. Another greenfield particleboard project is expected to come up in Tamil Nadu at an estimated investment of Rs 500 crore, with a March 2025 date for completion, “Construction Week India” says.

Century Plyboards is also in conversations about introducing a plywood plant alongside the MDF plant at Hoshiarpur in the second half of FY 24, with a potential investment of Rs 100 crore. In addition to that, the company is adding a HPL (high pressure laminates) line project in Andhra Pradesh, which is expected to come on line by the end of FY 2023–24, according to the report.