In the wake of continued shortage of raw material and price escalation, Indian Laminate Manufacturers Association has again advised the laminate industry to optimise their production by adjusting the prices.
Methanol prices are noted to increase every day, which has impacted the rate of Formaldehyde. As per industry report, Formaldehyde has registered the highest jump in market, which has disturbed the manufacturing of High Pressure Laminate.
Indian Laminate Manufacturers Association has issued an advisory pertaining to the impact of raw material cost inflation on different thickness of laminate sheets amidst ongoing war situation in Middle-East involving Iran.
Manilam Industries seeks to raise Rs 39.95 crore through its SME IPO to fund capital expenditure and working capital. The IPO opened for subscription on February 20, and bidding will close on February 24.