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Greenply to build new plywood plant in Sandila

31.03.2017 − 

According to an ad hoc notice published on 16 March, the board of directors of Indian Greenply Industries has approved the construction of a new plywood plant in Sandila (Uttar Pradesh, India). A report printed in the Indian business newspaper Mint indicates that the plant, which will probably start operating towards the end of 2018, will be configured for annual capacity of 13.5m m².

CEO V. Venkatramani states that the total sum involved in this Greenfield investment is INR1.2bn, which is the equivalent of €17.0m, of which INR800m are to be financed with new loans and INR400m with internal reserves.

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