"The company's wholly owned subsidiary Century Ply (Singapore) Pte Ltd in Singapore has incorporated a stepdown subsidiary by the name PT Century Ply Indonesia in Indonesia on July 3 2015," the company said in a BSE filing.
It further said: "The said subsidiary has been incorporated with the object of trading in timber, manufacturing and trading in plywood and all wood products & materials and providing related services."
During the financial year 2015-16 , Century Plyboards' consolidated net profit grew over two-fold to Rs 149.95 crore as against Rs 63.33 crore in the previous fiscal.