Setting the stage for Chipboard excellence, Greenlam Limited has started the commercial production of chipboard from 23rd Jan 2025 at their state-of-the-art manufacturing facility in Naidupeta, Andhra Pradesh.
According to the company, the whole manufacturing set up is equipped with the latest German Technology which ensures dimensional accuracy, superior strength and smooth surface finish. The advanced and fully automated lamination lines furnish exceptional flexibility in handling various sizes along with enhancing the production efficiency and turn around time.
With a total capacity of about 2,92,380 cubic meters per annum, the new venture is expected to hold a revenue potential of Rs 750 crore (USD 87 million) per annum.
The India Particle Board Market size is estimated at USD 0.64 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 12.15% during the forecast period (2024-2029), as per a research report.
Greenlam is credited with India’s only integrated product manufacturer providing a unified range of laminates, compacts, restroom cubicles and pre-laminated chipboards, all these utility products are produced at a single location.