Star Panel Board to invest Rs 900 cr to set up 3 manufacturing units
New Delhi, May 25 (UNI) Star Panel Boards Ltd, a joint venture between the Associate Group and Kings Wood, today said it will invest Rs 900 crore to set up three manufacturing units for producing medium density fiber (MDF) and particle boards.
The company plans to have a manufacturing capacity of one million cubic meters per annum of panel products, by the year 2014, a release said.
MDF and particle boards, manufactured by Star Panel Boards Ltd, will be sold under the brand name 'Associate'.
The
company
will
also
set
up
three
satellite
centres
with
warehousing
facilities
in
the
North,
West
and
South
India
for
pre-lamination
and
other
value
addition
to
the
products.
This
will
ensure
prompt
deliveries
and
shorter
lead
times,
the
release
added.
UNI
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