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Teekays MDF (I) Ltd
Teekays will be setting up a state-of-the-art facility for manufacturing MDF, the third generation panel board. The factory will be coming up in Narsapur Industrial Area in Karnataka, which is 50Km from Bangalore.

As a precursor for this venture, Teekays is setting up a short cycle lamination plant at Maloor, 42Kms from Bangalore.
Teekays Plantations(I) Ltd.
To cater to the huge raw material needs of Teekays MDF (I) Ltd., an independent company, Teekays Plantations (I) Ltd., is being promoted.

MDF facility will require about 1,75,000 tons of debarked eucalyptus which will come from around 5000 acres of land. On a 4 year cycle, the MDF unit will require around 20,000 acres of standing crop at any given time.

This company will take care of plantations as well as procurement of timber for the MDF plant. The Company is engaged in pursuing three models of plantations – Corporate farming, farm forestry and social forestry.

The Company has started acquiring land near Ananthapur in Andhra Pradesh for setting up nurseries and model plantations.

Besides the commercial reasons, the company is also motivated by the huge potential of ecological benefits, social benefits for the farmers and avoiding the urbanization of the areas where marginal farmers find no other use of their dry land.
Teekays Prime Properties (I) Ltd
As an extension of our long association with corporates’ and IT / ITES sector Teekays has entered into a new venture of development of IT parks in the tier two cities like Mysore and Mangalore. Land acquisition for the same is under progress. A considerable amount of land bank is already built.

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