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via thehindubusinessline.comBusiness & Companies

Escorts Kubota to set up new UP plant with 60,000-tractor capacity

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Escorts Kubota to start a 60,000-tractor capacity UP plant in phase one, aiming 2.5-year completion amid growth in construction equipment and farm mechanization.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishIndustrial investment by an Indian tractor maker, relevant for the farm and construction equipment sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Phase one covers a plant with 60,000-tractor capacity.
  2. 02Completion is targeted in about 2.5 years.
  3. 03The move follows growth in construction equipment and farm mechanization.

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