Greenpanel Doubles Down: Andhra Pradesh MDF Unit Expand to Fuel Green Growth

Greenpanel Industries Limited, a leading plywood and MDF manufacturer, is embarking on a major expansion project worth ₹600 Crore. The company plans to establish a new Medium Density Fibre Boards (MDF) unit in Srikalahasti, Andhra Pradesh, with an additional capacity of 230,000 cubic meters per year. This expansion marks a significant investment in India's growing demand for MDF products.

This strategic move will increase Greenpanel's overall MDF production capacity by 35%, positioning them to cater to the ever-rising demand for furniture, interior design, and construction materials. The new unit, estimated to be operational by the first half of FY25, will utilize advanced technology and machinery, ensuring efficient and sustainable production processes.

The project is expected to generate significant employment opportunities in the region and contribute to the local economy. Greenpanel is committed to responsible manufacturing practices and plans to adhere to stringent environmental regulations throughout the construction and operation of the new unit.

This expansion reinforces Greenpanel's vision to become a leading player in the Indian MDF market. With their focus on innovation, quality, and sustainability, they are well-positioned to tap into the vast potential of this sector and contribute to India's self-reliance in building materials production.

This outline summarizes the key points based on the information provided. Further research would be required for specific details regarding financing, construction timeline, and expected impact on the market.

News by Rahul Yelligetti