RFL Group, one of Bangladesh’s largest industrial conglomerates, is making a major move into the particle board industry with an investment of Tk200 crore to launch its new brand, Plymax. The factory, located at Danga Industrial Park in Narsingdi, will begin production with an annual capacity of 1.3 million boards, which the company plans to expand five times within two years.
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Initially, the venture will generate around 500 jobs, expected to grow to 1,500 as production scales up. RFL Managing Director RN Paul said the new product line aims to meet the country’s rising demand for engineered wood products used in furniture, doors, and interior design, offering an affordable and sustainable alternative to natural timber.
Bangladesh’s particle board market, valued at Tk3,000 crore, is growing at an annual rate of about 12%. Currently, Akij Board leads with a 30% share, followed by Super Board (25%) and Partex (20%), while smaller local producers make up the rest. The industry relies on both local production (70–75%) and imports (25–30%) from India, China, and Malaysia.
RFL plans to leverage its nationwide distribution network to make Plymax available to both retail and industrial customers. The boards, made with water-resistant paraffin wax and zero-emission adhesive, will prioritize durability and eco-safety, with a maximum retail price of Tk1,960 per board.
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The company expects Plymax to become a trusted brand in the rapidly expanding market, driven by urbanization, increased furniture demand, and interior design growth. This latest expansion reflects RFL’s continued diversification across industries, following its strong presence in plastics, electronics, and construction materials.