Greenply Industries Ltd., a major company in the Indian plywood industry, has made an initial investment of €11 million in a manufacturing unit in Gabon in West Africa. The facility comprises a 96,000 cubic metre capacity for making Okoume Timber face veneers on 10 hectares in a special economic zone, using the natural hardwood Okoume timber, which will be harvested through a sustainable forest management plan. Another dose of €4 million investment would be made by March 2019 with full capacity utilisation being achieved by 2020-21, the company said in a statement. ...
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