Stylam Industries has started expansion at existing facilities. The company has reached around 80 percent capacity utilisation level in the laminates division.
It has now started modular expansion at the existing facilities that will increase the capacity by up to 40 percent. The project will entail a total investment of Rs 40 crore.
The Board has also reviewed the progress made on plywood project and decided to put the same on hold and prioritise the laminates capacity expansion.