General Plywood

Plywood is an essential part in the manufacture of furniture for home and office. Plywood is widely used in furniture making because of its strength, appearance and low cost. Our general plywood is usually used for making furniture, such as cabinet side-walls and back-walls, bathroom furniture, kitchen furniture tables and chairs.

During the Track Record Period, the average selling price of our general plywood was HK$3,425.0 per m³, HK$3,217.9 per m³ and HK$3,405.3 per m³ respectively. The sales volume of our general plywood was approximately 57,437.7 m³, 60,505.6 m³ and 72,646.8 m³ for the years ended 31 March 2012, 2013 and 2014 respectively, which accounted for approximately 74.2%, 76.7% and 87.8% of the total revenue of our Group respectively in the same period.

Specifications of the general plywood:

Thickness (mm) 4~24mm
Size 3’ x 6’, 4’ x 8’, and other customized sizes
Adhesive type Type Special WBP F****
Type 1 Melamine F***, F****
Type 2 Urea E0 F****
T2 Urea E1
Usage Furniture, home decoration
Usage requirements Low formaldehyde emission
Certification At the request of our customers, the general plywood could be manufactured with the quality achieving the JAS and/or CE certification standards


Packing plywood

Plywood is widely used for packing because of its light weight, strength, wear and water resistance. Packing plywood is usually used for containers and packing, as well as decorative boxes and cases, which is damage resistant, stable against detergents and corrosion attack.

During the Track Record Period, the average selling price of our packing plywood was HK$2,849.1 per m³, HK$2,853.9 per m³ and HK$3,065.8 per m³ respectively. The sales volume of our packing plywood was approximately 17,109.6 m³, 17,368.8 m³ and 7,278.5 m³ for the years ended 31 March 2012, 2013 and 2014 respectively, which accounted for approximately 18.4%, 19.5% and 7.9% of the total revenue of our Group respectively in the same period.

Specifications of the packing plywood:

Thickness (mm) 4~24mm
Size 3’ x 6’, 4’ x 8’, and other customized sizes
Adhesive type T2 Urea E1
Usage Packing
Usage requirements Low formaldehyde emission
Certification Not applicable


Structural panels

Structural panels made of plywood is strong, durable, hard and resistant against poor environmental conditions.

During the Track Record Period, the average selling price of our structural panels was HK$4,113.9 per m³, HK$4,051.2 per m³ and HK$4,144.1 per m³ respectively. The sales volume of our structural panels was approximately 2,741.3 m³, 1,107.2 m³ and 643.9 m³ for the years ended 31 March 2012, 2013 and 2014 respectively, which accounted for approximately 4.3%, 1.8% and 0.9% of the total revenue of our Group respectively in the same period.

Specifications of the structural panels:

Thickness (mm) 9~24mm
Size 3’ x 6’, 4’ x 8’, and other customized sizes
Adhesive type Type Special WBP F****
Usage House construction such as roof, wall and frame structure
Usage requirements Low formaldehyde emission, high bending strength, solid and sound, and water resistance
Certification At the request of our customers, the structural panels will be manufactured with the quality achieving JAS and/or FSC certification standards


Floor base

Floor base plywood is less expensive than floor base solid wood. It is generally marketed towards mass market customers.

During the Track Record Period, the average selling price of our floor base was approximately HK$4,924.6 per m³, HK$4,630.1 per m³ and HK$4,453.5 per m³ respectively. The sales volume of our Group’s floor base plywood was approximately 1,018.0 m³, 821.4 m³ and 1,434 m³ for the years ended 31 March 2012, 2013 and 2014 respectively, which accounted for approximately 1.9%, 1.5% and 2.3% of the total revenue of our Group respectively in the same period.

Specifications of the floor base:

Thickness (mm) 7~18mm
Size 3’ x 6’, 4’ x 8’and other customised sizes
Adhesive type Type Special WBP F****
Type 1 Melamine F***
Usage Flooring
Usage requirements Low formaldehyde emission, high bending strength, solid and even
Certification At the request of our customers, the floor base could be manufactured with the quality achieving FSC certification requirements


Others

Other plywood products included revenue of concrete panels for exterior construction and incidental sales of raw materials.