Home / Companies / News / Sonear Industries to set up 2 units in Haryana, UP for about Rs 150 cr

Sonear Industries to set up 2 units in Haryana, UP for about Rs 150 cr

Company that provides interior design solutions entering laminated boards business

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The new factories will have a combined capacity of 300 cubic metre (CBM) per day

2 min read Last Updated : Nov 30 2022 | 4:19 PM IST

Sonear Industries Ltd., which provides interior design solutions, will enter the laminate and medium density fibre (MDF) boards business.

The company will set up two new factories at an estimated cost of Rs 150 crore to manufacture laminates and MDF boards in Yamunanagar in Haryana and near Bareilly in Uttar Pradesh. The new facilities will start in the first quarter of 2023 and beginning 2024 respectively.

The new factories will have a combined capacity of 300 cubic metre (CBM) per day and they would have an annual revenue potential of Rs 500 crore at their peak utilisation, according to company

Topics : Indian industry Home interiors Haryana Uttar Pradesh Economic recovery infrastructure Construction sector Delhi-NCR Punjab Indian companies

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