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Suncare Traders Ltd. has entered into a Memorandum of Understanding (MoU) with Wane-K Furniture, a leading furniture manufacturer, to strengthen the supply and distribution network of high-quality plywood and laminates in India. The strategic partnership is aimed at streamlining procurement, improving product availability, and enhancing market coverage for both companies.
Under the partnership, Suncare Traders will gain preferred supplier status for plywood and medium-density fibreboard (MDF) products for Wane-K's manufacturing units and retail outlets. The alliance will be expected to increase Suncare's sales volumes, improve operational efficiencies, and support its ongoing business growth initiatives.
Highlights of Partnership
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Scope: Supplies of plywood, MDF, and decorative laminates
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Distribution: Pan-India distribution through Wane-K's retail and B2B channels
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Strategic Goal: Increase Suncare's reach in furniture and interior design industry
Market Impact
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The proportion of Suncare Traders rose 12.94% on June 27, 2025, before the board meeting announcement
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The firm is in active search for a number of MoUs to diversified customer base and increasing financials
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Wane-K Furniture deals with making custom-built as well as modular furniture solutions and therefore is high-volume consumer of plywood and laminates
Sources: Moneycontrol, Business Standard, Trendlyne, Screener
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