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Indian Wood Products to discontinue job work operation at Kundli unit

15 Nov 2019 Evaluate

The Indian Wood Products Company (IWP) has decided to discontinue the job work operation at Kundli unit with effect from December 15, 2019, as a part of cost reduction measures, potential to enhance the production level at Jammu & Kashmir and Bareilly units and the availability of quality timber in Jammu & Kashmir.

The production at Jammu & Kashmir and Bareilly units shall be increased to compensate the production loss of Kundli unit. The shifting of production will result in increase in production of Quality Katha, and reduction in logistic, administrative and overall production cost.

The Indian Wood Products Company is engaged in the manufacture of Katha, cutch, and catechins in India.

Peers
Company Name CMP
ITC 267.45
Godfrey Phillips Ind 1973.80
VST Industries 205.40
Indian Wood Products 34.19
NTC Industries 136.80
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