New Launch13 Nov 2024, 07:34 pm
Century Plyboards to Set Up New Resin & Formaldehyde Manufacturing Unit in Punjab
AI Summary
Century Plyboards (I) Ltd. announced at its board meeting on 13th November, 2024, the proposal to establish a new unit in Punjab for the manufacturing of Resin & Formaldehyde. The new facility will have a proposed capacity addition of 200 MTPD for Formaldehyde and 250 MTPD for Resin. The estimated investment required for setting up the unit is approximately Rs. 42 Crores. The rationale behind this development is to produce Resin & Formaldehyde for captive consumption.
Key Highlights
- Century Plyboards to set up a new manufacturing unit in Punjab
- Proposed capacity addition: Formaldehyde - 200 MTPD, Resin - 250 MTPD
- Estimated investment required: Approximately Rs. 42 Crores
- New unit aims to produce Resin & Formaldehyde for captive consumption
- Tentative completion date: By September, 2026