Business Update13 Aug 2026, 02:57 pm
Maha Rashtra Apex Ventures into Paulownia Timber Business
AI Summary
Maha Rashtra Apex Corporation Ltd announced its Board of Directors has approved venturing into the marketing and distribution of Kiri/Paulownia Tree Timber and related products. The company will develop a distribution network in India, partnering with WGW Agreen Private Limited, which holds exclusive rights for hybrid tissue-cultured Paulownia Trees. This initiative aims to establish a market for Paulownia timber in anticipation of future plantation yields.
Key Highlights
- Board approved new business activity: Paulownia timber marketing and distribution.
- Partnership with WGW Agreen Private Limited for exclusive Paulownia rights.
- Focus on developing India's market and distribution network for timber.
- Initiative is forward-looking, anticipating future plantation harvests.
Price Impact
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