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CenturyPly focuses on value-adding
be ultimate MDF in terms of quality and features,” it said. “Our 2nd line at Hoshiarpur
is now stabilised. With aforesaid planning we expect volume growth of 20% in coming quarters. With increased share of premium products margins are likely to remain stable and take care of further increase in cost.” MDF revenue for the
Above: CenturyPly branded plywood product
Indian panels producer CenturyPly says it is focusing on value-added MDF products in order to improve profitability. The company made the
statement in its latest quarterly results, for the three months ended June 30. CenturyPly says the margins on its MDF business were reduced for the quarter
mainly due to increases in raw-material prices, which could not be passed on. In order to improve profitability company it will increase the volume of premium MDF by 40%. “We shall also be launching Fire Resistant MDF which apart from all other features like borer proof, termite proof of premium MDF will
Metsä Wood and SRV sign agreement to build LVL mill
Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood’s new Kerto LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a co-operative project management contract. “Our choice of partner was influenced by SRV’s expertise in industrial project construction and the contract model based on close co-operation,” said Jaakko Anttila, EVP, Metsä Wood. Metsä Wood decided to build a new Kerto LVL mill in June, and preparatory work at the mill site has progressed as planned. The employment impact of the construction phase of the project is estimated to be around 1,000 person-years. When completed, the mill will
employ around 150 people directly and 200 people in its direct value chain. The mill is expected to start production in the second half of 2026. The mill will have an annual production capacity of about 160,000m3
, which represents
a 50% increase in the company’s total Kerto LVL capacity.
“The Äänekoski Kerto LVL mill will be carried out using a modern co-operative model, which is clearly becoming more common in industrial projects due to its advantages,” said SVP Hannu Lokka, who is responsible for SRV’s regional units. “During the development phase, we planned and co-ordinated the project in good and close co- operation with the client, and are now ready to launch the implementation phase.”
quarter improved from 155.60 Crore to 166.77 Crore and EBIDTA margins reduced from 34.9% to 26.2%. The company’s
particleboard business was reported to be suffering both on revenue and profitability. Revenue was down from 51.07 Crore to 39.46 Crore. Despite the difficult market situation, plywood has done well for CenturyPly with improvement in top-line as well as EBIDTA margins. The top line improved from 474.75 Crore to 488.57 Crore and
EBIDTA margins improved from 10.4 % to 13.6 % compared to the same quarter a year ago. Meanwhile, CenturyPly successfully produced the first fibres with its recently installed Andritz pressurized refining system at its medium- density fibreboard (MDF) production plant in Punjab, India.
At the same time, the
company placed an order for another Andritz pressurized refining system for its MDF line in Andhra Pradesh, India. This will be the third system supplied by ANDRITZ to CenturyPly. The new state-of-the-art fibre preparation system will have a design capacity of 37 tons per hour and process eucalyptus and poplar wood chips for producing high- quality MDF. Its start-up is scheduled for the second half of 2023.
New company management member at Fagus-GreCon
Fagus-GreCon has announced that responsibility for company management will be now distributed across three executives instead of two. The company said it was taking this step to fulfil another prerequisite for profitable growth, as well as driving forward to becoming a customer-oriented technology leader in the areas of measurement technology and preventative fire protection in an even more consistent way. New recruit Alexander
Kuppe is taking over the management of the marketing, sales, after-sales and service departments with immediate effect. Uwe Kahmann will continue
to be responsible for all commercial areas of the company and its subsidiaries, as well as for the UNESCO World Heritage Fagus factory.
Dr Michael Gawronski
will continue to manage production, the R&D areas and also quality and information management. Mr Kuppe started his career in the marketing of machinery and systems which required explanation, since when he has held management positions in the areas of marketing, sales, service and international business development in global medium-sized companies. “We are convinced that Alexander Kuppe will be a valuable addition to our management team with his experience and commitment,” said Uwe Kahmann. “Together we will continue the success story of Fagus- GreCon, impress our national and international customers even more with our products and services.”
www.wbpionline.com | August/September 2023 | WBPI
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