NEW DELHI, INDIA – Greenlam Industries Ltd., one of the world’s leading laminate manufacturers, plans to accelerate its expansion with plans to set up a third laminate plant and enter the plywood and particle board business.
The company offers products ranging from decorative laminates, compact laminates, exterior and interior sidings, decorative veneers, engineered wood floors and doors for residential and commercial spaces. Seeing spiraling demand in the wood panel segment, the company took the next step to expand its portfolio by venturing into two adjacent categories: plywood and particleboard. The expansion will transform Greenlam from a decorative siding company to a leading player in integrated wood panels.
Committed to manufacturing excellence and a leader in providing surface solutions globally, the laminate, plywood and particleboard offerings will accelerate Greenlam Industries’ market opportunities and add new revenue drivers to its growth.
Investments in the third laminate and particle board plant will be made under Greenlam South Limited, a wholly-owned subsidiary of Greenlam Industries Limited based in Naidupeta, Andhra Pradesh.
The company will invest in the latest technology, next-generation equipment and machinery to manufacture particle board with a capacity of 231,000 CBM. The company must set up a laminating capacity of 3.5 minutes of plates and panels per year. The state-of-the-art integrated installation will be the first of its kind in the industry to provide matching decors for laminates, compacts, postformed laminates and pre-laminated particleboard, providing total surfacing and surfacing solutions. substrate to customers.
The plywood manufacturing plant will be part of the recently acquired subsidiary HG Industries Limited based in Tindivanam, Tamil Nadu, with a capacity of 18.9 million m². per year.
“Over the years, we have come a long way to establish a leadership position for Greenlam Industries, both in India and in international markets,” said Saurabh Mittal, Managing Director and CEO of Greenlam Industries Ltd. “As a leader in the category, we have always been driven to break down barriers and seek out disruptive growth opportunities.
“Our entry into the plywood and particle board industry and the expansion of laminate capacity reinforces our commitment to become a one-stop destination for all coating and substrate needs. “