Hayashi Plywood Industrial plans to curtail production by 20%

Hayashi Plywood Industrial Co., Ltd. (Osaka, Japan) manufactures softwood plywood at Maizuru and Nanao plants. To deal with dropping sales, it has started reducing the production by 10% since last month and March production is down by 15%. With dropping orders from precutting plants and large house builders, it plans to curtail the production by 20% since April, as reported by ITTO.

The market prices of softwood structural panel in Osaka market dropped down to 990-1,010 yen per sheet delivered and lower offers like 970 yen are being made by dealers, which need more sales before book closing in March.

Hayashi Plywood Industrial Company’s line of business includes the manufacturing of hardwood veneer and plywood.