Greenply
While Greenply Industries plans to expand its capacities, its focus would be on high–end offerings, said its chief financial officer. "We will use our existing manufacturing facilities for high-end offerings under the Greenply brand, with equal emphasis on outsourcing products in the mid market categories." High–end products have a margin of nearly 14%. The company is targeting a 30% increase in outsourcing of the mid-segment offerings. The company plans to expand its capacities in the MDF and particle board segment. The company has already formed a 50% JV with Alkemal Singapore Pte to set up a Rs.50cr veneer unit in Myanmar under its local subsidiary Greenply Myanmar Industries, he added.