Japan's Kubota to boost overseas production, Nikkei reports

TOKYO : Japanese agricultural machinery company Kubota will spend 300 billion yen ($2.2 billion) to increase overseas production by 2030, the Nikkei newspaper reported on Monday.

The company plans to build new manufacturing plants in the United States and India to raise the ratio of overseas production from roughly 30 per cent to about 50 per cent, the report said.

($1 = 137.0000 yen)