Joint Venture30 Mar 2024, 11:28 pm
Greenply Industries Commences Commercial Production at New Joint Venture in India
AI Summary
Greenply Industries has announced the commencement of commercial production at its new 50:50 Joint Venture Company, Greenply Samet Private Limited, in India. The joint venture, located in Savli Halol Road, Dist. Vadodara, Gujarat, has initiated manufacturing activities and will be ramped up in three phases over the next 3 years.
Key Highlights
- Greenply Industries commences commercial production at new Joint Venture in India
- Greenply Samet Private Limited located in Savli Halol Road, Dist. Vadodara, Gujarat
- Commercial production started on March 30, 2024
- Production will be ramped up in three phases
- Joint Venture is for manufacturing and selling functional furniture hardware