Century Plyboards (India) Limited has announced plans to establish a new manufacturing unit in Odisha to ramp up production of Plywood and Particle Board. With a total investment exceeding Rs. 870 Crores across various phases, this expansion aims to address increasing market demand. The project leverages proximity to raw materials and a robust customer base, with production capacity additions scheduled between FY 2029-30 and FY 2031-32.
Expansion Strategy and Capacity Goals
Century Plyboards is set to significantly bolster its manufacturing footprint. Currently, the company operates with a consolidated capacity of 406,800 CBM for Plywood and 240,000 CBM for Particle Board as of March 31, 2026. The new Odisha unit is designed to add 120,000 CBM of Plywood capacity and 240,000 CBM of Particle Board capacity in the coming years.
Investment Breakdown and Timeline
The company has outlined a strategic phased rollout for the project:
- Plywood Expansion: Divided into two phases, Phase-1 will add 60,000 CBM (Q1 FY 2029-30) at an investment of Rs. 230 Crores, followed by another 60,000 CBM (Q1 FY 2030-31) requiring Rs. 140 Crores.
- Particle Board Expansion: A capacity addition of 240,000 CBM is planned for Q1 FY 2031-32, with an estimated investment of Rs. 500 Crores.
The project will be financed through a combination of debt and equity. Please note that the Particle Board manufacturing scope may be partially shifted to MDF production depending on future business exigencies and shifting strategic priorities.
Rationale Behind the Move
The decision is driven by strong capacity utilization rates, with the current Plywood facility operating at 94% and Particle Board at 67% during FY 25-26. By setting up a facility in Odisha, the company aims to capitalize on the region’s abundant raw materials, consistent man-power availability, and proximity to a large and growing customer base.
Source: BSE
