HG Industries Ltd has announced the setting up of greenfield project for manufacturing of 18.9 million square meter plywood per annum at Tindivanam, Tamil Nadu by the Company.
All main civil construction work has been completed, the establishment’s approval has been gained, the order for equipment procurement has been placed, all significant equipment has been transported to the project site, and installation of it is almost complete.
Commercial production is anticipated to start on the facility in June 2023.
HG Industries became the subsidiary of Greenlam Industries Limited on December 03, 2021 and subsequently, the Company announced to set-up a manufacturing plant at Tindivanam, Tamil Nadu for the manufacturing of plywood and allied products, with a proposed manufacturing capacity of 18.9 Million Square Meter.
