Century Ply (Singapore) Pte, a subsidiary of Century Plyboards, has acquired 49% stake in Huesoulin Wood Processing Factory. According to the announcement, the acquisition of the stake makes Huesoulin an associate company.
Huesoulin Wood Processing Factory is located in Savannakhet, Laos. It is engaged in manufacturing and trading in plywood, veneer & all wood products and providing related services.
Earlier Century Plyboards announced a INR 282 crore investment plan for the next two years.
About Century Plyboards:
The company is a key player in plywood and laminate industry in India. The company also exports its range of premium products to over 20 countries world-wide.