RelWood™, an Eco-friendly wood substitute from India’s most valuable company Reliance Industries. It had signed a license deal with Resysta International GmbH to exclusively make and sell the German firm’s natural fibre polymer-composite in the country.
After more than 15 years of research by technology partner Resysta, RelWood™ was developed, a material that is suited for Indian conditions and usage, preserves the environment and always features a consistent quality.
RelWood, is the raw material for the production of sheets and various products used in a wide range of wood and plywood replacement applications. Made with patented German technology it is a suitable alternative to wood. It is 100% waterproof, low maintenance, long lasting, recyclable and also thermoforming (meaning it can be bend in any shape) friendly.
RelWoodTM looks and feels like wood but is made of composite natural fibres, polymers and a specialized blend of additives. The company said that RelWoodTM is more durable than wood, and does not require any trees to be felled.
The market for wood materials in India is estimated at Rs 80,500 crore (or 30.8 million tonnes) with tropical wood having the largest share in volume and value terms, growing at 10% annually.
International companies such as Armstrong and Pergo have entered the market for alternative wood by forming strategic alliances with local players to tap the potential.
RIL may sell the product to the construction sector and the furniture industry, and anticipates demand arising out of the government’s smart city project.
Reference- RelWood website, Economic Times, livemint