Century Plyboards to set up Rs 1,000 cr plant in Kadapa

The largest manufacturer of plywood, black board and
particle board in the country evinced interest to set up a plant in Badvel of
Kadapa district. The company has units in West Bengal, Tamil Nadu, Haryana,
Assam, Gujarat, Punjab and Uttarakhand.

In Andhra Pradesh, the company is planning to invest `1,000
crore in three phases, creating over 3,000 jobs and 6,000 indirect jobs. The
construction work will start immediately and the first phase of operations will
begin by December 2022.

The total construction is expected to be
completed by December 2024, in three phases. In the first phase, the company
targets a production capacity of four lakh metric tonnes per annum and it will
go up to 10 lakh metric tonnes by the end of the third phase.The company plans
to encourage farmers to grow eucalyptus trees, for which it will give a
remunerative price. Courtesy: www.newindianexpress.com