Greenply-Samet Joint Venture Begins Manufacturing High-Quality Furniture Accessories, Elevating Living Spaces Worldwide
Greenply Industries of India and Samet of Türkiye come together offering exceptional furniture accessories to elevate living seenply Industries Ltd., a pioneer in the Indian plywood industry, and Samet, one of the leading global brands in functional furniture hardware have commenced their business operations together as part of their joint venture Greenply-Samet and are set to revolutionize the Indian furniture hardware market. In a press conference in Delhi graced by Mr. Manoj Tulsian, Joint Managing Director and CEO of Greenply Industries, and Mr. M. Serdar Senemoğlu, Executive Board President, Samet, shared their insights and vision for this groundbreaking collaboration.
Greenply Industries and SAMET B.V. m Industries arked a significant milestone on 26th October 2023 by forming a Joint Venture Company named "Greenply Samet Private Limited." This strategic collaboration under the brand Greenply-Samet is poised to bring a new wave of innovation and quality to the industry. The joint venture commenced its manufacturing activities and commercial production as per the Phase-I plan on 30th March 2024 at its state-of-the-art unit in Vadodara, Gujarat. The production capacity at this facility will be strategically ramped up in three phases over the next three years, ensuring a steady increase in output to meet growing market demand. With an investment of around 250 crores, the Vadodara plant is set to become a cornerstone of Greenply-Samet's operations, blending Greenply's industry expertise with Samet's advanced technological capabilities. This joint venture is dedicated to manufacturing and marketing premium furniture hardware, including state-of-the-art slide systems for wooden and metallic drawer systems, hinge systems, lift-up systems, and other innovative products.
