CenturyPly To Invest Rs 1000 Cr For MDF & PVC Unit In Andhra Pradesh

Century Plyboards (India), a manufacturer of wood panels and the decorative industry has allocated an investment of close to Rs 1000 crore for the laminate Medium density fibreboard (MDF) and Poly Vinyl Chloride (PVC) unit in Andhra Pradesh.

The first phase of production comprises two large-size presses of laminates in Badvel, Andhra Pradesh which was inaugurated by the Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy on Saturday.

The MDF unit and PVC Unit are in the advanced stage of commissioning. In the next three to five years, the brand plans to generate direct and indirect employment of over 2000 people in Andhra Pradesh.

Keshav Bhajanka, Executive Director, CenturyPly said, “We are honoured to announce, with the support of the Government of Andhra Pradesh, the grand inauguration of the district’s first integrated wood panel manufacturing unit. This will contribute to developing the Badvel area into a hub of agroindustry in Andhra Pradesh. We have invested Rs 700 crores in MDF and Rs 250 crores in laminates and PVC in the first phase.”

He added that the new unit will increase our production capacity in the MDF plant by 950 M3, which will double our footprint in MDF. The second phase will see an investment of Rs 1000 crores in expansion plans.

Additional capacities are also being developed in 3 units with 60,000 CBM in Hoshiarpur, Punjab in the plywood category, in particle board 2,40,000 CBM in Chennai, Tamil Nadu and in laminates 8,55,000 sheets, 3,13,500 CBM in MDF and PVC of 15,000 tonnes in Badvel, Andhra Pradesh respectively.