India has launched an MDF anti-dumping investigation after the country’s fibreboard manufacturers accused New Zealand, China, Malaysia, Sri Lanka and Thailand of massively dumping cheap MDF on their market, reports the New Zealand Press Association.
India says substantial quantities of MDF are coming into the country at significantly lower prices than the cost of production – and the sale price in their countries of origin. Petitioners include domestic makers Nuchem and Shiridi Industries.
According to Reuters, the situation has arisen as Indian plywood firms switch to manufacturing cheaper particleboard and fibreboard in expectation of rising demand for mass-produced furniture in India.
Market leader Greenply Industries Ltd is reportedly investing INR3.7bn (US$87.4m) in MDF and laminate plants and Century Plyboards (India) Ltd plans to set up two MDF mills as part of a two-year investment plan.