A unique homogeneous highly compressed material made up of thin wood veneer impregnated with specially prepared phenolic resins and pressed under high temperature and pressure. Material possess a high structural configuration having density almost equal/near to plastic and by virtue of this nature its moisture absorption character is almost Zero. It finds application as component parts in the assembly of switch gears, generators, rectifiers etc etc in the form of cleats, nuts and studs, blocks etc. In power industry.