Breaking News – Yamunanagar asks for 8% increase on plywood prices

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Haryana Plywood Manufacturers Association (HPMA) has decided to increase prices of 8% on all types of plywood, Block Boards and Flush Doors with immediate affect during a meeting of the Core Committee held in Yamunanagar on 26th March, 2021.

HPMA member discussed the situation arising due to high prices of wood, Formaldehyde, Face Veneer etc related to input costs and unanimously concluded that in order to ensure survival of the units , the rate increment of finished products is inevitable and cope with the rising working capital requirement due to purchase of all inputs on cash basis, the credit period need to be abolished/restricted.

Mr J  K Bihani, President, HPMA said that there is a high jump noted in input cost due to increased prices of raw materials, hence price increase of finished goods is much needed for survival. HPMA has also decided to sell their finished goods on an advance payment basis or maximum 30 days credit period. 

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