Plywood production drops to 40% due to demand recession

SATISH HANDA

 The condition of plywood manufacturing industry at Yamunanagar has become bad to worst since past about a year due to epidemic outbreak. The situation has further deteriorated due to second variant of Carona virus gripped the country as such the production of plywood has been slashed to 40% and further declining. The entrepreneurs in plywood manufacturing told that the prices of popular (wood) where 55-60% stocks are being supplied from U.P, too, are getting down in the absence of poor demand witnessed nearly 60% drop in past one yearand there is possibility of further drop in prices.

See also  Women entrepreneurs highlight ‘Kadaknath’ fowl , goat soap at Mahalaxmi SARAS 2019

According to J.K.Bihani President Haryana Plywood Manufacturers Association. production of plywood has dropped to nearly 40% due to epidemic outbreak since there are no pending orders with the manufacturers at present and moreover labour problem has started due to most of the migrant workers are leaving for their native places fearing lock down declared by the government as such industry is likely to face problem further. Bihani said, there are nearly 360 units manufacturing plywood in Yamunanagar district, besides large number of saw mills and peeling units in the area as such nearly 350 truck loads were being despatched to Maharashtra, Gujarat, M.P, Bihar, West Bengal, Punjab and other states in the country which have now been reduced between 150 to 200 trucks daily.

See also  Internet subscribers in India reach 969.6 million, average revenue per user grows

Bihani told that Yamunanagar plywood industry suffered heavy losses due to farmers protest since all borders on way to Delhi were blocked by the agitators. He said, business is likely to be further affected in case lock down declared by the government.

Author

Related Posts

About The Author

Contact Us