• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, March 16

Archidply, a leading plywood veneers and pre-laminates manufacturing company, has set up a new facility in Pantnagar in Uttaranchal with a total licensed capacity of 78,000 cubic meters per annum.

Set up with an investment of Rs 50 crore, the plant will be producing plywood, block board, flush door densified film faced plywood and teak plywood. Archidply already has its facilities in Mysore and Assam manufacturing plywood, block board, flush door, particle and pre-laminated particle boards. The group, with a total turnover of Rs 150 crore, also plans to set up a mica plant at Pantnagar facility in the near future, according to Mr D. Daga, Chairman of the company.

The Pantnagar plant is expected to provide employment to 1,500 people. Archidply uses renewable plantation timber such as silver oak, eucalyptus and poplar grown on scientific short-rotation basis by coffee growers in Coorg and farmers in Uttaranchal.

More Stories on : New Projects | Interiors & Homes

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Viceroy Hotels clears equity, warrants issues

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line