In a bid to make flush and panel doors, Century Plyboards has reportedly entered into a tie-up with a Chinese laminated door manufacturing company, Goldea. The joint venture company Century Goldea will be incorporated after receiving the requisite approvals from the Registrar of Companies. CenturyPly will hold 60 per cent stake in the joint venture, while Goldea will hold the rest.
The total investment in the first phase will be to the tune of Rs 80 crore. The commercial production on the first phase of the project is likely to begin by September 2018. The capacity is likely to triple to nearly 6,000 doors a day in the second phase of the project.
Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
