<p>In Badvel, Andhra Pradesh, Century Plyboards (India) Ltd. opened the country’s biggest integrated wood panel production facility on Saturday.</p>
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<p>The biggest wood panel producer in the nation released a statement stating that the factory, which occupies 100 acres and would need a total investment of Rs 1,000 crore in its second phase, is estimated to create 2,000 direct and indirect jobs over the course of the next five years.</p>
<p>A total of Rs 950 crore was invested in the first phase.</p>
<p>YS Jagan Mohan Reddy, the chief minister of Andhra Pradesh, opened the factory in front of CenturyPly Chairman Sajjan Bhajanka and other dignitaries.</p>
<p>“YSR Kadapa district’s significant resource repository gives it a prominent position on Andhra Pradesh’s industrial map.</p>
<p>“As the government has earmarked this region as a potential agro-industry hub, this initiative of CenturyPly marks the beginning of a series of investments of other industrial entities that will follow, leading eventually to making it a significant hub of furniture for the entire country,” Bhajanka stated in the statement.</p>
<p>Two large-size laminate presses are part of the factory and are currently in use.</p>
<p>The commissioning of the PVC (polyvinyl chloride) and MDF (medium density fiber) units is almost complete.</p>
<p>“In the first phase, we spent Rs 700 crore in MDF and Rs 250 crore in laminates and PVC.</p>
<p>Our manufacturing capacity in MDF will expand by a cube of 950 meters with the new machine, doubling our presence in this market.</p>
<p>An investment of Rs 1,000 crore would be made in growth plans during the second phase, according to Bhajanka.</p>
<p>The government of Andhra Pradesh has also said that it is dedicated to helping the state’s wood panel sector flourish.</p>
<p>At its Andhra Pradesh location, the Kolkata-based firm also has 8,55,000 laminate sheets, 3,13,500 CBM in MDF, and 15,000 tons in PVC.</p>
Andhra Pradesh is home to CenturyPly’s biggest integrated wood panel manufacturing facility in India.
