Mdf - Latest News Update, Information, Photos & Videos on Mdf at Lokmat Times

The present age of perennially changing market trends has rendered the furniture industry with just the right mix to unveil its true potential exponentially.The rising affinity for rental furniture, increasing presence on the e-commerce platform to evade pandemic induced loops prevalent in the brick and mortar model can contribute to moulding the furniture segment as an omnichannel business model.This has unleashed infinite opportunities for wood raw material suppliers to expand and be the key players in the industry. It has opened new avenues to explore new possibilities and experiment with diverse products to enhance the interiors of our homes.Greenpanel, the largest manufacturer of wood panels in India, aims to promote MDF in the wood segment. The team led by Vishwanathan Venkatram, CFO of Greenpanel Industries Ltd., delved on his experience of interior infrastructure to effectively coach and mentor the team in decision-making ability that has contributed to the company's growth.The company is highly focused on creating a niche for MDF in the industry. To establish the product in the market, Venkatram reiterated its versatility which can be used in furniture application, interior designing, wall panel etc. Apart from this, MDF can fulfil a variety of usages like handicraft, speaker boxes, photo frames, packaging, shoe heels, educational and sports equipment."Owing to these multi-functionalities, MDF is 50 per cent more preferred to plywood in advanced countries - Europe and America. Consequently, the rising domestic and international players can drive the exponential growth of MDF in about a decade," said Vishwanathan Venkatram, CFO of Greenpanel Industries Ltd.Having a smooth surface, it is suitable for coating with paints, decor paper and veneers which gives a smooth finish to the furniture. Being available in pre-laminated or pre-veneered form increases the productivity of the carpenters, relieving them from the unnecessary labour of laminating the furniture with the sheet."Stability and strength are important assets of MDF, which can be machined into complex patterns that require precise tolerances. MDF's qualities make it an ideal replacement for wood, plywood and particle boards. The dense, flat, stiff product doesn't compromise on the smooth surface making it ideal for painting, lamination and veneering," said Vishwanathan Venkatram, CFO of Greenpanel Industries Ltd.Being devoid of structural defect present in plywood accomped by the quality of being eco-friendly makes it an ideal choice amongst the customers. All these qualities together helped Greenpanel to survive the disrupting pangs of the pandemic.Under the leadership of Vishwanathan Venkatram, a strategic approach of aggressive distribution network expansion accomped with cost and wastage reductions helped in increasing the dealer base from 1080 in March 2020 to 1400+ in the current time.Surviving the crucial year of 2020, the team is enthusiastic to post a superior set of numbers as compared to FY 2020. The company is expecting 18 per cent growth with vastly superior operating margins and post-tax profits as compared to the immediately preceding financial year.This story is provided by NewsVoir. will not be responsible in any way for the content of this article. (/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

MdfFOLLOW

Mdf, Latest News

Business :THE CCRAFT TREE – They create tree of Joy and Gifts with feelings of love and affection for your loved ones

December 2: “Commitment unlocks the doors of imagination, allows vision, and gives us the right stuff to turn our ... ...

International :IT team detects Rs 550 cr unaccounted cash in Haryana raids

New Delhi, Jan 17 The Income Tax Department on Monday said that they conducted search and seizure operations ... ...

Business :Income Tax Dept raids over 30 premises of company

The Income Tax Department said on Monday it has raided over 30 premises of a diversified business group engaged in the manufacturing of plywood, plyboard, MDF board, inverter and vehicle batteries. ...

Aurangabad :Lagom art exhibition kicks off at MGM art gallery

Aurangabad, Oct 28: Lagom exhibition of various works of art made from resins started at MGM's Kala Dirgha Art ... ...

Business :Greenpanel, India's largest wood panel manufacturer, creates niche for MDF in the industry

The present age of perennially changing market trends has rendered the furniture industry with just the right mix to unveil its true potential exponentially. ...