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Greenply Industries to set up a manufacturing unit in Uttar Pradesh

Monday, 31 May 2021
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Greenply Industries will invest around Rs 75 crore to set up a plywood and allied products manufacturing unit through a wholly-owned subsidiary at Sandila Industrial Area in Hardoi, Uttar Pradesh.
 
The proposed capacity addition is 13.50 million sq mtr per annum while the existing capacity of the company is 24.90 million sq mtr per annum.
 
The company has decided to set up the plant at Hardoi considering the proximity of principal raw materials such as agro forestry 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 Q4/FY22.
 
Greenply is also now the owner of FSC-FM (Forest Management) Certification from the Forest Stewardship Council (FSC) for its sustainable plantation unit located in Tizit, Nagaland and the first company to have achieved the FSC-FM certification in the interior infrastructure segment in India.
 
The Forest Management Certification will now ensure promoting and implementing Sustainable Farm Management practices in Greenply Industries plantation area in Tizit, enhancing the quality and livelihood of local group members associated with the project.
 
The procured wood from the Forest Management area will be initially used for own consumption of Greenply Industries for manufacturing of plywood and other wooden items. 
 
Operations at the farm forestry project at Mon district of Nagaland had begun in the year 2013, covering around 850 ha of marginal/ degraded lands and will continue with plantation project to ensure sustainability.
 
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