Century Plyboards (India) Ltd has announced significant investments of 3.3 billion rupees for a plywood unit and 8 billion rupees for a medium density fiber (MDF) unit in Uttar Pradesh. The company also reappointed Sanjay Agarwal as CEO and Managing Director, ensuring leadership stability alongside expansion.
Century Plyboards (India) Ltd, a leading player in India’s wood panel industry, has unveiled ambitious expansion plans to strengthen its market presence. The company is setting up new manufacturing units in Uttar Pradesh, backed by substantial investments, while reinforcing leadership continuity through the reappointment of Sanjay Agarwal as CEO and Managing Director.
Key Highlights
-
Investment of 3.3 billion rupees allocated for setting up a plywood manufacturing unit in Uttar Pradesh.
-
An additional investment of 8 billion rupees earmarked for establishing a medium density fiber board (MDF) unit in the same state.
-
Sanjay Agarwal has been reappointed as CEO and Managing Director, ensuring continuity in strategic leadership.
-
The new units are expected to enhance production capacity and cater to rising demand in northern India.
-
These initiatives align with Century Ply’s long-term growth strategy, reinforcing its position as a market leader in the wood panel sector.
Century Ply’s expansion and leadership continuity highlight its commitment to innovation, capacity building, and sustained shareholder value.
Sources: Business Standard, Moneycontrol