Greenlam Industries to Enter Plywood and Particleboard Business and Expand with Third Laminate Plant

Greenlam Industries, Asia’s largest laminate manufacturing company, announced today (12-13-21) that is planning on investing Rs 959 crore over the next 2–3 years to set up a third laminate plant. It will also venture into the plywood and particleboard business. The company says the expansion will help move the company from being a decorative surfacing manufacturer to a leading player in the wood panel industry.

Greenlam anticipates commercial production of plywood and the expansion to a third laminate production line will begin in the fourth quarter of the company’s 2023 financial year, and the particleboard business to begin in the fourth quarter of the company’s 2024 financial year.

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Original Source:
Greenlam Industries Aims To Invest Rs 950 Cr In Next 2-3 Years For Expansion, Entry Into Plywood, Particle Board Business