Rushil Decor opens Rs. 500cr future boards plant

Visakhapatnam: Rushil Decor, a smarter living solutions provider expanded its global operations with the setting up of agroforestry-based eco-friendly future boards (medium density fiberboard or MDF) making plant at Atchutapuram in Anakapalle district, about 50 km from here.

The investment in the fully-integrated plant amounts to over Rs 500 crore. The investment illustrates Rushil Decor's long-term vision to boost indigenous production capacity and operational efficiency, expanding the range of value-added solutions and strengthening its commitment towards sustainability of the business, a company release stated on Wednesday.

The automated plant with an annual full capacity of about 2.4 lakh CBM is amongst the largest manufacturing plants in the world entailing substantial investment in the industry of engineered fiberboards. With the help of this plant RDL has the potential to generate revenue of Rs 1,000 crore topline in MDF segment on full capacity utilization.

G Krupesh Thakkar, CMD, Rushil Decor Ltd India says, "Rushil Decor's automated, intelligent, integrated, and innovative plant represents a drive to steward resources well and contribute to a better future for the local communities."