OSAKA -- Kubota will build new factories in the U.S. and India for construction and agricultural equipment, respectively, investing a total of around 300 billion yen ($2.2 billion) by 2030, Nikkei has learned, as it works to shift half its production overseas, up from 30% at present.
Kubota generates 70% of its sales abroad. With the pandemic disrupting global supply chains, Kubota aims to shore up production bases in its major markets, creating more resilient, local supply chains.
