Greenply Industries Ltd will invest around Rs 75 crore to set up plywood and allied products manufacturing unit through a wholly-owned subsidiary in Sandila Industrial Area in Hardoi, Uttar Pradesh. The proposed capacity addition is 13.50 million square metres per annum while the existing capacity of the company is 24.90 million square metres per annum. Greenply has decided to set up the plant at Hardoi considering the proximity of principal raw materials such as agroforestry timber and availability of workers, along with growing demand in northern and central markets of India. The new project is expected to be operational by the fourth quarter of 2021-22.
Sanidhya Mittal, Joint Managing Director – Greenply Industries Ltd “We at Greenply is continually striving on building a sustainable operational framework vital for sustained value creation by working on capacity building and securing resource accessibility. We have decided to infuse zest, sustainability and support all of which enhances the meaning of ‘green’ in a more meaningful way to a world and thus we are aiming to promote sustainable development amongst the local community through our plantation unit in Tizit Nagaland. Our new manufacturing unit in Uttar Pradesh will also generate jobs for both skilled and unskilled labour.”