Laminate Industry Round Up (21/09/15 to 26/09/15)

Published on September 28, 2015

Previous month mid segment Laminate industry was facing down turn. Almost 30 percent less sale were been recorded for the brands across whereas many manufacturing firms did not achieve 50 percent of their target sales.  On the other hand, economy grade plywood has followed upward momentum.

As per the market players, presently plywood industry is hoping for the positive market movement in near term. While, some market players are saying that we can not anticipate hopeful market until global sentiments improve. There will be around two year’s time when old inventory to be sold and housing sector will boost.

As per the recent report, Punjab is growing with a good rate of knot. During a couple of years there has been a jump in number of plywood factories and rapid growth in new units or expansions. Growing demand for economical plywood has supported these units.

GCP source said that presently laminate industry have entered in a phase where material is available in good quantity in compares to demand. Until the new projects begins, new cities start getting built, new construction begins market players have to fight out with the present sluggish market. To gain the profit margin in this competitive market they have to work hard to market their products.


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