Century Plyboards India’s arm Century Ply Singapore has written-off its entire investments its subsidiary P T Century Ply, Indonesia.
Consequently, P T Century Ply, Indonesia has also ceased to be a step-down subsidiary of Century Plyboards India (CPIL) with effect from April 5, 2018. P T Century Ply Indonesia was incorporated with the object of exploring the possibilities of trading in timber, manufacturing and trading in plywood, etc. in Indonesia.
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.
