Century Plyboards (CPIL) is planning to start its 25,000 sq metres a day plywood unit in Myanmar capital Yangon, by March 2013. The plant will be established on 11 acres of land in an industrial estate on a 30-year renewable lease. The entity is likely to fund this Rs 30-crore project by its internal resources.
The company aims to replace its import of timber from Myanmar with this project. At present, it imports around 35,000 Hopus tonnes of timber from the country. But this source will dry out in 2014 because of a pre-announced timber export ban by the Myanmar Government. CPIL has also secured raw material availability for the project through a quota system as well as auctions.
Company Name | CMP |
---|---|
Century Plyboards(I) | 663.40 |
Greenply Industries | 240.40 |
Greenpanel Inds. | 292.25 |
Archidply Inds | 117.00 |
Duroply Industries | 278.00 |
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