~ This strategic collaboration under the brand Greenply-Samet has 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 ~
Greenply 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. marked 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.
This partnership not only aims to cater to the domestic market but also envisions making India a global hub for functional furniture hardware. The synergy between Greenply and Samet is expected to drive significant growth and create new benchmarks in the industry. Through this joint venture, both companies are committed to delivering exceptional value and innovative solutions to their customers, setting the stage for long-term success. Built on the synergy of skills, resources, and market knowledge, Greenply-Samet provides a best-in-class range of furniture hardware products that are functional, aesthetic and tailored for the needs of every living area. The manufacturing operations based in Vadodara and headquarters in Mumbai, the venture seamlessly integrates Samet’s precision in production with Greenply’s strategic market reach, setting new benchmarks in the industry.
Mr. Manoj Tulsian, Joint Managing Director and CEO, Greenply Industries Ltd., spoke of the vision for the venture, “Our strategic partnership with Samet represents a significant leap forward in our journey to deliver unparalleled furniture hardware solutions in India. This venture combines Greenply’s deep understanding of the Indian market with Samet’s world-class technology and innovation. Together, we are poised to redefine the standards of furniture hardware in India, offering products that resonate with the needs of modern consumers.”
