Century Plyboards (CenturyPly) has inaugurated a new plywood manufacturing facility in Hoshiarpur, Punjab, with a planned investment of approximately ₹215 crore across two phases. The greenfield facility is spread over 27 acres and aims to meet the growing demand for plywood in northern and north-western India. The company plans to invest ₹215 crore in the Hoshiarpur facility in two phases. The first phase involves an investment of ₹180 crore, while the remaining ₹35 crore is planned for the second phase. The project is intended to strengthen CenturyPly's manufacturing capabilities and improve its ability to serve key regional markets. The Hoshiarpur facility is CenturyPly's seventh plywood manufacturing plant in India. The company already operates manufacturing facilities across Bengal, Guwahati, Chennai, Gujarat, Haryana and Uttarakhand. The Hoshiarpur plant is expected to begin with an annual production capacity of 60,000 cubic metres (CBM), with plans to increase capacity to 1 lakh CBM within the next six months through the second phase. The new facility represents an investment in additional manufacturing capacity and regional market expansion. By establishing a plant in Punjab, CenturyPly aims to serve customers across neighbouring states and strengthen its existing manufacturing network.CenturyPly's ₹215 Crore Investment Plan
The new facility is designed to support rising plywood demand in northern and north-western India, helping the company expand its manufacturing footprint and distribution reach.Hoshiarpur Plant Expands CenturyPly's Manufacturing Network
The inauguration was attended by Sajjan Bhajanka, Chairman; Sanjay Agarwal, Managing Director; Keshav Bhajanka, Executive Director; and Nikita Bansal, Executive Director of CenturyPly.Plant Capacity and Regional Market Focus
CenturyPly expects the facility to strengthen its presence in Punjab, Haryana, Himachal Pradesh, Jammu and Kashmir, Delhi-NCR, Rajasthan and Uttar Pradesh. These markets are central to the company's strategy of improving its reach across northern and north-western India.What the Expansion Means for CenturyPly
The planned capacity increase in the second phase will further expand the facility's production capabilities, enabling the company to respond to demand across its target markets.
Conclusion
CenturyPly's ₹215 crore investment in its Hoshiarpur plywood plant marks a significant step in its manufacturing expansion strategy. With an initial annual capacity of 60,000 CBM and a planned increase to 1 lakh CBM, the facility is expected to support plywood demand across northern and north-western India while strengthening the company's regional presence.
FAQs
1. How much is CenturyPly investing in its new Punjab plant?
CenturyPly plans to invest approximately ₹215 crore in the Hoshiarpur facility across two phases.
2. Where is CenturyPly's new plywood manufacturing plant located?
The new greenfield plant is located in Hoshiarpur, Punjab.
3. What is the production capacity of the Hoshiarpur plant?
The plant is expected to start with an annual capacity of 60,000 CBM, with plans to increase it to 1 lakh CBM within six months.
4. How large is the new CenturyPly facility?
The Hoshiarpur manufacturing facility spans 27 acres.
5. Which markets will the new plant serve?
The facility is expected to strengthen CenturyPly's presence in Punjab, Haryana, Himachal Pradesh, Jammu and Kashmir, Delhi-NCR, Rajasthan and Uttar Pradesh.
6. How many plywood manufacturing plants does CenturyPly have in India after this expansion?
The Hoshiarpur facility is the company's seventh plywood manufacturing plant in India.
