Godrej & Boyce To Establish Manufacturing Facility in Chennai

Vikas Choudaha, executive vice-president and business head of Godrej Solutions, has stated that Godrej and Boyce will invest approximately Rs 350 crore to Rs 400 crore in establishing a new manufacturing plant on the outskirts of Chennai to further expand its presence in the city.

Speaking to journalists in this location on Wednesday, Choudaha announced that the company, specializing in pallets and shelves manufacturing, is strategizing an expansion to increase production capacity due to anticipated sector growth for the next twenty years. The investment will be done gradually.

The 27-acre Ambattur plant has a capacity of 90,000 tonnes per annum and it has touched up to 66,000 during peak time. "This year we are planning to produce more and the plant is efficient for the next 18 months," said Choudaha. He said that the company is looking at a similar size of land parcel for the new plant. “If we have to have a similar capacity plant then the investment would be around Rs 350 crore to Rs 400 crore plus the land,” he said.

He mentioned that the company is aiming to achieve a turnover of Rs 500 crore in exports by the financial year 2027-28, and aiming for an overall growth of Rs 1,600 crore in the next two to three years.