Greenlam announces entry into plywood & particle board business

Greenlam announces entry into plywood and particle board business and to set ut its third laminate plant

To invest Rs.950 crores over 2-3 years setting up Greenfield manufacturing projects

Committed to excellence in manufacturing and being a leader in providing surface solutions globally, Greenlam Industries has taken the next leap and decided to expand its portfolio by venturing into two adjacent categories-Plywood and Particle Board and also setting up third Laminate plant. This expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player.

The company will set up manufacturing facility at Naidupeta, Nellore in Andhra Pradesh and will invest in latest technology, equipment and new generation machinery to manufacture Particle Boards with a capacity of 231000 CBM per annum at an investment of Rs. 600 crores. The company shall set up laminate capacity of 3.5 mn sheets & boards per annum at an investment of Rs. 225 crores.

Mr. Saurabh Mittal, MD & CEO with team members at the manufacturing site

The Plywood manufacturing facility, based at Tindivanam, Tamil Nadu, will have a capacity of 18.9 mn sqm. per annum with a Capex of Rs. 125 crores.

Greenlam expects to commence the commercial production of Ply wood & Laminate by Q4FY23 and Particle Board by Q4FY24.