Kabra Extrusiontechnik plans subsidiaries in UAE and Vietnam

Kabra Extrusiontechnik Limited announced its Board of Directors has approved the incorporation of a wholly-owned subsidiary in the United Arab Emirates (UAE) for international business, with an investment of up to INR 250 Crores. Additionally, the company plans to establish a wholly-owned subsidiary in Vietnam, which will set up a battery pack manufacturing facility with an investment of up to INR 500 Crores, funded by internal accruals and external borrowing. The Board also considered proposals for new battery manufacturing plants in India and Vietnam. The meeting concluded after discussing these strategic expansions.