Century Plyboards’ subsidiary -- Century Ply (Singapore) Pte -- has acquired a majority (51 per cent) stake in Laos-based Huesoulin Wood Processing Factory. The move comes, as Century Plyboards looks to leverage the Laos unit for plywood production.
With this, Century Huesoulin Plywood Lao Co has now become a step-down subsidiary of Century Plyboards.
Century Plyboards 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.
