Nankai Plywood invests $2.6 million in second plant in Indonesia
07. Nankai Plywood is investing JPY 300 million ($2.6 million) in the construction of a second plant in Indonesia for its subsidiary company, Nankai Plywood Indonesia building materials processing company.
Mar 19, 2007. /Lesprom Network/. Nankai Plywood is investing JPY 300 million ($2.6 million) in the construction of a second plant in Indonesia for its subsidiary company, Nankai Plywood Indonesia (NPI) building materials processing company. The plant is expected to start production in May this year. NPI plans to increase the production of plantation falcate laminated board by 50% in three years. The board is mainly used as base material for the production of cabinets and closets. The board consists of overlaying thin MDF on laminated lumber which then is coated with urethane resin on the surface (‘art lumber’). NPI is producing 45 000 sheets of falcate laminated board (3x6/15, 20 and 27 mm thick) a month and plans to increase production to 70 000 sheets by 2010.