The organised brands in wood panel and interior building material space are gaining better growth with each passing year; their second quarter result is evidence.
Greenpanel Industries Ltd., has ordered its third MDF plant from DIEFFENBACHER. The new thin-board line based on DIEFFENBACHER’s smart plant concept CEBRO will be added in Andhra Pradesh.
GREENPANEL dismisses rumours of the plywood business being shut
Greenpanel Industries has announced a capacity addition of approx 300 CBM per day at its Andhra Pradesh manufacturing units with installing new machinery to speed up production process.
After the rise of HD+MR grade MDF in markets, there are signs of renewed upswing in genuine water proof plywood materials. The Ply Reporter observing, a renewed push to sell calibrated Water Proof Plywood.
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The demand for MDF in south India has been very good and promising a decent growth in years to come. South India is the major market for MDF boards specially when the imports are not coming cheap anymore.
Greenpanel Industries total income increased by 30% to Rs 81crore from Rs 236.19 crore to Rs 317.33 crore in quarter ended 31 December of financial year 20-21 to its corresponding period last year.
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Greenpanel Industries Limited, the market leader in Medium Density Fibreboard (MDF), has redefined its commitment to innovation in the wood panelling and surface enhancement.