Written by Jonny Williamson
The Staffordshire-based company manufactures construction, demolition and agricultural machines, but it is through its iconic yellow digger that JCB has become recognisable throughout the world.
The company was established 65 years ago by Joseph Cyril Bamford in a garage in Uttoxeter, Staffordshire and has grown to employ more than 10,000 staff in factories across the globe, including Europe, Asia, North America and South America.
Current Chairman, Sir Anthony Bamford, said of the figures released today:
“This record financial performance has been delivered on the back of very strong growth in both traditional markets and the emerging economies.”
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These “emerging economies” have seen worldwide sales of JCB equipment boom as BRIC nations (Brazil, Russia, India and China) and Africa take advantage of recent economic stability by financing a mass of construction projects.
The Chairman continued:
“While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s ongoing investment in its 22 global factories, coupled with the biggest product launch programme in our history, means we are well placed to seize new opportunities for growth and deliver another strong performance in 2012.”
The world’s largest manufacturer of diggers and telescopic handlers plan on unveiling 66 new products during the course of 2012, and is currently constructing a new 350,000sqft factory in Sao Paulo, Brazil to produce backhoe loaders and excavators.
Sir Bamford concluded:
“Substantial investment in research and development continues to keep JCB at the forefront of construction equipment technology, including engine development programmes to further improve fuel efficiency.”