CenturyPly plans ₹2,500 crore investment to double revenue in 2031 to ₹12,000 crore
CenturyPly, a leading manufacturer of plywood and other building materials, plans to invest ₹2,500-₹2,700 crore over five years to double its capacity and revenue to ₹12,000 crore by 2031. This expansion includes new units in UP and Odisha, driven by rising demand in the housing industry. The company also introduced a unique 10-year warranty covering the full cost of furniture for product defects.
Why it matters
This significant investment signals strong growth expectations in India's housing and construction sectors, potentially boosting employment and economic activity in the regions of expansion. The innovative warranty could set a new industry standard for consumer protection and product confidence, enhancing brand trust.
Century Plyboards (India) Ltd. (CenturyPly), a leading manufacturer of plywood, laminates, veneers, MDF, prelam board etc will invest ₹2,500 crore to ₹2,700 crore within 5 years to double it’s capacity and revenue to ₹12,000 crore by 2031 said it’s executive director Keshav Bhajanka.
The investment will go into capacity addition at the company’s existing 9 units and new units to come up in UP and Odisha, he said.
He was speaking at a briefing to announce a comprehensive warranty on the company’s premium range of plywood where in it will reimburse the full cost of entire furniture to the customer in case of any defect in the ply in 10 years. The company said this is a first of it’s kind globally.
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