Archive · 21 Nov 2025
Greenply Industries Plans ₹800 Crore Capex to Reclaim Plywood Market Leadership
Greenply Industries is planning to spend ₹800 crore over the next 2-3 years to build new plants and increase its market share in the plywood industry.
The company wants to become the largest player again, and it thinks its MDF business will help it grow.
Greenply is currently the second-largest player in the ₹35,000-40,000 crore plywood industry.
Greenply Industries plans to invest ₹800 crore over 2-3 years
Capex includes ₹150 crore for Odisha plywood plant and ₹400-500 crore for MDF plant
Company aims to increase market share and reclaim leadership in plywood industry
MDF business identified as growth engine, with plans to expand production capacity
Greenply currently the second-largest player in the ₹35,000-40,000 crore plywood industry
- Who
- Greenply Industries
- What
- Plans ₹800 crore capex for new plants and increased market share
- When
- Over the next 2-3 years
- Where
- India, with new plants in Odisha and possibly Vadodara or Sandila
- Why
- To increase market share and reclaim leadership in the plywood industry
- Current Market Size
- ₹35,000-40,000 crore
- Organised Market Share
- 25-30%
- MDF Market Size
- ₹7,500-8,000 crore
- MDF Organised Market Share
- 10-12%
- Planned Capex
- ₹800 crore over 2-3 years