Greenply to set up manufacturing facility in Chitoor

Details: Category: New Plants

Greenply is planning to set up a manufacturing facility in Chitoor in Andhra Pradesh to produce MDF. The company will invest Rs. 3000 million towards the facility which will have a capacity of 600 cu.meters per day. The company is in talks with German Vendors to procure machinery. Besides, the company has plans to set up a veneer-cum-plywood plant in Myanmar which in turn will supply raw material for making MDF. The project is likely to go operational by September 2014.