Indian MDF producers have increased the prices again in November month. The reason behind the price rise is said to be the steep jump in timber prices apart from other raw materials.
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2019 was so uncertain that people are scared to remember. We at Ply Reporter, our colleagues at other magazines SURFACES REPORTER and FURNITURE DESIGN & TECHNOLOGY, never anticipated such a weak year for industry and trade as 2019.
India is going to add MDF production capacity of 1500 cubic meters per day in the beginning of the new financial year 2020-21. Four new plants of medium size are in process of installation in North India only.
Increasing the prices of cheaper quality plywood due to high timber prices have been helping the growing demand of domestically produced MDF resulting in the improvement of capacity utilization.
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Despite huge capacity addition at domestic level, the MDF imports have achieved a high growth of 39% in FY 2018. The upward import curve of MDF
With commencement of commercial production of Balaji Action Tesa at Uttarakhand and Green Panel at Andhra Pradesh, the production capacity of MDF in India