CapEx News

Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh

Greenlam Industries has announced a significant investment of Rs 1,147 crore to establish a cutting-edge high-pressure laminate and particle board manufacturing facility in Naidupeta, Andhra Pradesh. 

This ambitious project is poised to become South India's largest facility of its kind, bolstering Greenlam's production capabilities and strengthening its position in the rapidly expanding Indian engineered wood and home decor markets.

The new facility is strategically designed to meet the increasing demand for high-quality laminates and wood-based panel products. It will have an impressive annual production capacity of 7 million sheets of high-pressure laminate and 2.9 lakh cubic meters of wood-based particle board sheets.

A key highlight of this investment is Greenlam's commitment to adopting advanced technology. The company plans to install a state-of-the-art Continuous Press System from Diffenbacher, GmbH, Germany. 

This will make the Naidupeta plant the only one in South India to utilize such a technologically advanced system, ensuring adherence to global standards of manufacturing excellence, safety, and environmental sustainability

Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh

Greenlam Industries has announced a significant investment of Rs 1,147 crore to establish a cutting-edge high-pressure laminate and particle board manufacturing facility in Naidupeta, Andhra Pradesh. 

This major expansion marks a strategic move by Greenlam to bolster its presence in the rapidly growing Indian engineered wood and home decor markets, and is poised to become the largest facility of its kind in South India.

The new facility will have an impressive annual production capacity of 7 million sheets of high-pressure laminate and 2.9 lakh cubic meters of wood-based particle board sheets. 

To achieve this, Greenlam plans to integrate a state-of-the-art Continuous Press System from Diffenbacher, GmBH, Germany. 

This advanced technology will make it the only plant in South India to utilize such a high-end system, ensuring global standards of excellence in manufacturing, safety, and environmental responsibility.

The Andhra Pradesh government, under the leadership of Chief Minister N. Chandrababu Naidu, is actively supporting this project. 

As part of its Industrial Development Policy 2024 to 2029, the state will provide incentives totaling ₹329 crore, covering more than 30% of the project's total cost.