Mumbai: Century Plyboards (India) Ltd. plans to invest ₹2,500 crore to ₹2,700 crore over the next five years to double its capacity and revenue to ₹12,000 crore by 2031, the company said.
Executive Director Keshav Bhajanka said the investment will go toward capacity expansion at the company’s existing 9 manufacturing units, as well as new units coming up in Uttar Pradesh and Odisha.
CenturyPly, a leading manufacturer of plywood, laminates, veneers, MDF, and prelam boards, aims to scale operations to meet rising demand in the housing and infrastructure sectors.
The expansion is part of the company’s long-term growth strategy to strengthen its footprint across India and double both production capacity and topline in the next 5 years.
