PROJECT

Projects

Summary of Investment Information

Project Number

45943

Company Name

GREENLAM SOUTH LIMITED

Date SPI Disclosed

Oct 24, 2022

Country

India

Region

South Asia

Projected Board Date

Nov 30, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 23, 2023

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 15, 2022
Signed : Dec 26, 2022
Invested : Apr 20, 2023

Sector

Wood Panels and Engineered Wood Products

Project Description

 

Greenlam Industries Limited (“Greenlam”) is one of the leading decorative laminates brands in Asia. Greenlam is also India’s leading decorative-veneer brand and the only manufacturer of engineered wooden flooring and doors. It currently has two laminates manufacturing plants in Northern India (Rajasthan & Himachal Pradesh) with a total capacity of 15.6 million sheets/boards per annum. The proposed expansion involves setting up of greenfield manufacturing facilities for high-pressure laminates and particleboard to be housed in a wholly owned subsidiary of Greenlam - Greenlam South Ltd (“GSL” or the “Company”). The Project involves providing an IFC A Loan to GSL of up to US$ 25 million (INR 2,000 million) for setting up greenfield plant for new laminates lines with an operating capacity of 3.5 million sheets/boards per annum and the particleboard lines will have a capacity of 231,000 CMB per annum

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation