The new factories will have a combined capacity of 300 cubic metre (CBM) per day
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
First Published: Nov 30 2022 | 4:19 PM IST