Archidply to have plant in Kolar District:

Archidply Industries Ltd, which manufactures products like plywood, block board, particle board, decorative laminates and decorative veneers, has chalked out a capital expenditure plan of Rs. 79 crore to set up a new plant and also expand the capacity of its existing plant at Rudrapur in Uttarakhand. The firm is now setting up a greenfield project for manufacturing particle board in Chintamani in Karnataka. It plans to invest Rs. 37 crore on the project.

Mr. Deen Dayal Daga - CMD & CEO

Mr. Shyam Daga - Joint Managing Director and CFO.

Dated: 13th feb 2008