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Greenply Industries forays into medium density fibreboards business

05 Aug 2021 Evaluate

Greenply Industries has forayed into medium density fibreboards (MDF) business. The company will set up a plant in Gujarat's Vadodara with capital expenditure of Rs 548 crore for the purpose. The greenfield facility is likely to commence operations in the last quarter of the 2022-23 fiscal.

The plant with an installed capacity of 800 cubic metre (CBM) per day will have a revenue potential of Rs 600-650 crore per annum at its peak utilization. The company has plans to produce all categories of MDF and other value-added products in a phased manner.

Greenply Industries is primarily involved in manufacturing of plywood and trading of plywood and allied products.

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