The APIIC Industrial Park (IP) at Gopavaram village here is buzzing with activity as Century Panels Limited (CPL), a major player in the wood product manufacturing sector, is poised to commence production soon. As the anchor investor, CPL set the stage for manufacturing two types of products, High Pressure Laminates (HPL) and Medium Density Fibreboards (MDF).
The company invested about ₹1,000 crore in this facility spread on the 100-acre land given by the AP Industrial Infrastructure Corporation (APIIC) on lease for 33 years. Applications for plot allotments to several other companies are being scrutinised by the APIIC.
