Greenply Forays into MDF Boards Business
Greenply Industries Limited (GIL), the largest Interior Infrastructure Company and a leader in the plywood and laminate industry in India provides the widest range of products for interior infrastructure needs. The company accounts for 25% of the organized plywood and 15% of the organized laminates market and continues to be the brand of choice among commercial and residential architects, builders, and users. The company recorded 40% growth in the last financial year, and it has 6 manufacturing facilities in India and also exports its products to over 25 countries across the world with presence in foreign markets through its own marketing offices.
With tremendous growth in real estate sector and rise in the disposable income of the country’s middle class, there is an anticipated exponential growth in the demand for interior infrastructure products. Looking at the large potential ahead in the Indian market for engineered panel products like Medium Density Fibre (MDF) boards and particle boards, Greenply has undertaken to set up India’s largest MDF plant with a capacity of 1,80,000.00 Cubic Meters at a cost of Rs.250 crores. This will be India’s first line incorporating world leader Dieffenbacher’s “state-of- -the-art” CPS (continuous pressing technology). The line will also incorporate Metso’s latest generation EVO refiner, a latest Steinemann Satos 8 head sanding line (the first in India), and the unique Lukki 2 dimensional panel storage system supplied by Dieffenbacher.
The Government’s restrictions on plywood have also resulted in the additional growing demand of the panels to be met by engineered panel products like MDF and particle boards.
The fact that these engineered panels have very optimum utilization of raw material resources as opposed to plywood, and considering India’s scarce supply of raw material, has resulted in the government strongly promoting the manufacturing of these products.
Greenply’s MDF plant is scheduled to commence production by end of Dec’09. Greenply plans to manufacture MDF in the following range:
- Plain Medium Density Fibre Board (MDF): Thickness: From 2.5mm to 35mm.
- laminated Medium Density Fibre Board: Thickness: From -2.5 mm to 35.00 mm.
- Sizes: - 8’x6’; 8’x4’.
Greenply’s project will also contribute socially by way of creating demand of agro-forestry timber and in turn helping farming community.