New Delhi, May 3 (UNI) Greenply Industries Ltd, a major infrastructure company today announced the initiation of production in it's Rs 80 crore Uttaranchal Plant.
The plant will manufacture two main product lines of plywood and particle boards. It has the capacity of producing almost 75,00,000 square meters of plywood per annum, while the particle board production line will have a capacity of 20,00,000 square meters, said a statement released here.
This will increase the company's total capacity of plywood to 1,80,00,000 square meters and particleboard capacity to 20,00,000 square meters.
The project is funded through debt and equity. The plant spread over an area of 25 acres, will primarily cater to the domestic market.
Greenply Industries Joint Managing Director Saurabh Mittal said, "With this increased manufacturing facility, we will be able to increase our lead over our competitors further. This will also help us marginalise the few regional brands which operate in the plywood industry." Greenply accounts for 23 per cent of its organised plywood and 13 per cent of its organised laminate market, a statement released here said.
Speaking about their acheivement, a representative of the company said, The plant which had been scheduled in July this year has been commissioned more than three months ahead of the taget date.
Greenply has manufacturing facilities in Nagaland and Kolkata for plywood production and at Behror (Rajasthan) to manufacture laminates.
UNI ARB RA RK2035