Greenlam Industries Begins Commercial Production of Chipboard

Greenlam Industries Ltd, a prominent name in the laminate manufacturing sector, has reached another milestone by commencing commercial production of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh. This development, announced on January 23, 2025, marks a significant step in the company’s expansion journey.

Key Details of the New Facility

Greenlam Ltd, the wholly owned subsidiary of Greenlam Industries, is now operational at its state-of-the-art facility in Naidupeta.

1. Production Capacity: The facility has an installed production capacity of 2,92,380 cubic meters per annum.
2. Revenue Potential: At full capacity utilisation, the plant is expected to generate an impressive annual revenue of ₹750 crore.
3. Capital Investment: The total capital expenditure for the project amounts to approximately ₹735 crore as of the commencement of production.

Upcoming Earnings and Share Price Movement

Greenlam Industries has scheduled a board meeting on January 30, 2025, to review and approve the unaudited financial results for the quarter and 9 months ending December 31, 2024.

Share Price Performance:

• As of January 24, 2025, the company’s share price is trading higher by 0.83%, reaching an intraday high of ₹588.70 on the NSE.
• However, year-to-date, the stock has dipped by 1.66%.

About the Company

Greenlam  Industries  Limited was incorporated in  2013  and is one of the largest laminate manufacturing companies in the country with an installed capacity of  24.52  million sheets per annum.  It markets the laminates products under the flagship brand name of  Greenlam  Laminates.  The company exports its decorative laminates to various countries and is one of the largest exporters of laminates from India.  It is also involved in the business segments of decorative veneers, pre-lam particle boards, engineered doors and engineered wood flooring. The company’s veneer segment has an installed capacity of 4.2 million sq. mt. and is marketed under the brand, Decowood. Further, the engineering doors and engineered wood flooring are sold under the brand name, Mikasa. 

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