Balkrishna Industries Ltd. (BKT) announced the construction of a sixth production site, to be located in the United States. The planned location for the site was undetermined at the time the company’s board of directors approved the roughly $100 million project at the end of October. The project will be executed by a subsidiary of the company established for the purpose. Target markets are both the replacement market and OEMs in the states, the company reported. The remaining tire demand will come from India. The site will be the company’s first manufacturing site outside of India.
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