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BKT's board approved a capex of up to $100 million for a greenfield tire plant in the USA with 20,000 MT p.a. capacity, to be completed within 30 months.
“The Board of Directors of BKT...has firmed a capital expenditure (capex plan) of up to $100 million for setting up a greenfield tire plant with a capacity of 20,000 MT p.a in USA.”nbmcw.com
Summarized from public sources; check the original articles before acting on it.