Century Plyboards (India) Ltd is an India-based company. The company is engaged in the manufacture, sale, and export of plywood and veneer in India. They offer plywood, block-board, veneer, and timber; various laminates, including decorative laminates and pre laminated boards; and ferro alloys comprising ferro silicon. They also engage in power generation; offer cement and clinker; and provide adhesives and chemicals, as well as involves in logistic activities.
The company operates in five segments, namely plywood, laminates, ferro alloys and power, cement, and others. They manufacture plywood and market their plywood products under the brand name, Century Ply. The company's ferro alloy unit is situated in Meghalaya. Their subsidiary, Cement Manufacturing Company Ltd has the cement and clinker units situated at Lumshnong in Meghalaya. They sell their cement under the brand name Star Cement.
Century Plyboards (India) Ltd was incorporated in the year 1982. In the year 1997, the company was the first to introduce the borer proof plywood in India. Over the years, they introduced the boiling water resistant decorative veneer, seven-year powder proof guaranteed PF plywood, the revolutionary non-leachable Firesafe plywood. In the year 2002, they introduced Flexoply, the only flexible plywood variety. Also, they introduced Architect Ply and the Fantasy range of decorative veneer in India.
In the year 2004, the company's laminate plant started operation. In March 2005, they inaugurated the Pre-Lam particleboard plant. They also started manufacturing Hi-Pressure Laminates, Pre-Laminated Particle Board and MDF and with this, the company completed the full range of manufacturing of plywood and veneer related items.
During the year 2005-06, as per the scheme of arrangement, Shyam Century Ferrous Ltd amalgamated with the company with effect from April 1, 2005. By virtue of amalgamation of SCFL with the company, Cement Manufacturing Company Ltd became a subsidiary of the company with effect from October 1, 2005. Megha Technical Engineers Pvt Ltd became a subsidiary company with effect from March 23, 2006.
During the year 2006-07, the company acquired the controlling interest in Auro Sundaram Ply & Doors Pvt Ltd which is operating a plywood unit at Raipur Industrial Area, Uttarakhand. In November 27, 2006, the company acquired 51% shareholding in the equity of Century Star Shipping Ltd and thus Century Star Shipping Ltd became the subsidiary of the company.
During the year 2007-08, Century Panels Pvt Ltd, Sharon Veneers Pvt Ltd and Sharon Wood Industries Pvt Ltd were amalgamated with the company with the appointed date April 1, 2007. Also, Cement Manufacturing Co Ltd acquired 100% controlling interest in Star Cement Meghalaya Ltd and hence, SCML became a subsidiary of the company with effect from June 2, 2007.
During the year 2008-09, the company acquired 100% controlling interest in Cent Ply Pvt. Ltd (CPPL) and thus, CPPL became a wholly-owned subsidiary of the company with effect from October 1, 2008. The company, together with their subsidiary CMCL, acquired controlling interest in Meghalaya Power Ltd (MPL) and thus MPL became a subsidiary of the company with effect from July 14, 2008.
During the year 2009-10, the company's wholly owned subsidiary Cent Ply Pvt Ltd was amalgamated with the company with effect from appointed date, April 1, 2009. The company acquired controlling interest in Aegis Business Ltd (ABL) and thus ABL became a subsidiary of the company with effect from July 6, 2009. Also, ABL acquired controlling interest in Aegis Overseas Ltd (AOL) and thus AOL became an ultimate subsidiary of the company with effect from July 15, 2009.
The company's subsidiary Cement Manufacturing Company Ltd (CMCL) along with Star Cement Meghalaya Ltd (SCML) is setting up a 1.75 million tonne per annum capacity clinker unit at Meghalaya and 3.20 million tonne per annum cement grinding units at Assam and Bihar. Also, Meghalaya Power Ltd (MPL) is setting up a 51 MW power generation capacity near company's existing and proposed clinker unit at Meghalaya.
The company plans for capacity expansions through organic and inorganic routes, considering buoyant demand for the products and marketing strength of 'Century ply' brand.
The company is having a proposal to de-merger their cement and ferro alloy businesses into two separate entities. They also plan to reorganize captive coal based power generating units of cement and ferro alloy units.