Century Plyboards aims Rs 650 cr capex
Products

Century Plyboards aims Rs 650 cr capex

With an improvement in demand in the post-Covid era, Century Plyboards is planning a Rs 650 crore capital expenditure (capex), its largest in recent times, over the next two years.

The company will add a greenfield plant, medium-density fibreboard (MDF) unit in South India at an estimated cost of Rs 450 crore. The unit is expected to be operational by financial year (FY) 2023. Details of the state where the unit would come up and its capacity are yet to be finalised.

The other aspect is related to brownfield expansion. The company is ramping up capacities at its MDF plant at Hoshiarpur in Punjab by 67% (from 600 cu m per day to 1,000 cu m per day) at an estimated cost of Rs 200 crore. Commercial production will start in the next 12 months.

Check wood prices in India here

According to the company, nearly 80% of the capex will be funded through internal accruals, and 20% would be through debt.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Currently, the company’s plywood and laminate units operate at over 90% capacities, while MDF units are at 100%. The particleboard unit is operating at 110% capacity. Some improvements in the particleboard units were made recently, the benefits of which are expected to be visible in Q4 results of Century Ply.

The plywood manufacturer has already hiked the prices across categories like plywood and laminates, MDF and particle board on the back of increased raw material costs–chemicals and timber–as well as higher shipping and freight charges. Hikes vary between 2% to 10%, depending on categories.

Image


Also read: Debris to “zero-waste” homes

With an improvement in demand in the post-Covid era, Century Plyboards is planning a Rs 650 crore capital expenditure (capex), its largest in recent times, over the next two years. The company will add a greenfield plant, medium-density fibreboard (MDF) unit in South India at an estimated cost of Rs 450 crore. The unit is expected to be operational by financial year (FY) 2023. Details of the state where the unit would come up and its capacity are yet to be finalised. The other aspect is related to brownfield expansion. The company is ramping up capacities at its MDF plant at Hoshiarpur in Punjab by 67% (from 600 cu m per day to 1,000 cu m per day) at an estimated cost of Rs 200 crore. Commercial production will start in the next 12 months. Check wood prices in India here According to the company, nearly 80% of the capex will be funded through internal accruals, and 20% would be through debt.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Currently, the company’s plywood and laminate units operate at over 90% capacities, while MDF units are at 100%. The particleboard unit is operating at 110% capacity. Some improvements in the particleboard units were made recently, the benefits of which are expected to be visible in Q4 results of Century Ply. The plywood manufacturer has already hiked the prices across categories like plywood and laminates, MDF and particle board on the back of increased raw material costs–chemicals and timber–as well as higher shipping and freight charges. Hikes vary between 2% to 10%, depending on categories. Image Also read: Debris to “zero-waste” homes

Next Story
Infrastructure Urban

Campal Stadium Project Delayed

The football stadium and parade ground project in Campal, Panaji, which was initiated under the smart city plan, has yet to be completed, even though it is over a year past its original deadline. The project started on March 21, 2022, and according to the initial work order, it was supposed to be finished by September 20, 2023. Imagine Panaji Smart City Development Ltd (IPSCDL) has reported that 98% of the work is complete, with the final 2% expected to be finished by March 2025. "A small area where the concrete batching plant is situated needs completion," they said. The project's total est..

Next Story
Infrastructure Urban

Cleanliness Control Centre to Monitor Work, Complaints 24X7

Jaipur's cleanliness management system is set to be more efficient with the Integrated Command and Control Centre now operating 24/7. On Friday, Arun Kumar Hasija, CEO of Jaipur Smart City Limited, issued orders to implement this change. Hasija explained that the centre will supervise door-to-door refuse collection, sanitation operations, and mechanized cleaning activities. Special attention is being given to night-time cleaning across the city, with advanced machinery being used to sanitize road dividers in areas like the Walled City. The centre will now operate round-the-clock to improve c..

Next Story
Infrastructure Urban

Rs 1 Bn Plan for Waste Disposal at Bandhwari Landfill

A Rs 1 billion plan for disposing of over 10 lakh tonnes of legacy waste at the Bandhwari Solid Waste Treatment Plant has been submitted to the Department of Urban Local Bodies (ULB) for approval. The proposal is expected to be approved in an upcoming purchase committee meeting led by Haryana Chief Minister Nayab Singh Saini, officials from the Municipal Corporation of Gurugram (MCG) said. This proposal follows the December 17 deadline set by the National Green Tribunal (NGT) for MCG to submit an update on waste disposal progress at Bandhwari. Earlier this year, MCG had assured the NGT in an a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000