Indian laminate manufacturer Greenlam Industries Ltd on Monday announced plans for a fast-tracked expansion of the firm. This includes an investment of Rs 950 crore (US$ 124 million) over a period of 2-3 years towards setting up of third laminate plant, and foray into plywood and particleboard business. The expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player, the firm said in a statement. The company has decided to take this leap after witnessing a spiral demand in the wood panel segment, it added. The investments in ...
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