MDF producers are lining up to announce 10 percent hike effective from 10th April. It’s an unprecedented move which is showing the complete reverse turn of scenario in MDF sector.
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MDF prices have shot up by 5-6 percent varying company to company and product grade. The MDF manufacturing companies were evaluating the price increase announcement since a couple of months.
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With rise in awareness and application of Medium density fiber-board, India is consuming more MDF than ever. Thanks to designers using MDF in different applications, this category is growing at 22 percent annual growth despite of many odds.