~ Wholly owned
subsidiary of Greenply Industries to invest ₹425 crore to expand capacity and
meet rising MDF demand in India ~
Kolkata: Greenply
Speciality Panels Private Limited, wholly owned subsidiary of Greenply Industries Ltd. one
of India’s leading interior infrastructure companies, today announced the
groundbreaking of its second Medium Density Fibreboard (MDF) production line
at its state-of-the-art manufacturing facility in Vadodara, Gujarat. The
expansion marks a significant step in the company’s growth journey, reinforcing
its commitment to strengthening domestic manufacturing and addressing the
rapidly growing demand for MDF across India.
The groundbreaking ceremony was attended by Mr.
Rajesh Mittal, Chairman & Managing Director and Mr. Sanidhya Mittal,
Joint Managing Director along with over thirty-five dealers and channel
partners from across the region who joined the leadership team to
commemorate this important milestone.
The second MDF line at the Vadodara
facility represents an investment of ₹425 crore and is expected to become
operational by Q2 FY2028. The expansion is set to generate substantial
employment opportunities across the value chain, supporting livelihoods and
contributing to regional economic growth. Once commissioned, the new line
will significantly enhance the company’s production capacity, enabling Greenply
to better serve rising market demand while further strengthening its leadership
position in the MDF category.
Speaking on the occasion, Mr. Rajesh
Mittal, Chairman & Managing Director, Greenply Industries Ltd., said,
“The groundbreaking of our second MDF line at Vadodara reflects Greenply’s
continued commitment to strengthening India’s manufacturing capabilities and
supporting the evolving needs of the interior infrastructure sector. As demand
for MDF products continues to grow across residential, commercial, and modular
furniture segments, this expansion will enable us to scale our operations while
maintaining our strong focus on efficiency, quality, and long-term value
creation for our partners and customers.”
With this expansion, Greenply continues to
strengthen its manufacturing footprint through strategic investments that
enhance operational capabilities and future readiness. The Vadodara expansion
aligns with the company’s long-term vision of building advanced manufacturing
infrastructure and strengthening its MDF product portfolio.