JCB bullish for anniversary

JCB has marked its 65th anniversary and is reporting a strong recovery from recession.
February 28, 2012 Read time: 2 mins
255 JCB has marked its 65th anniversary and is reporting a strong recovery from recession. The company has seen a return to robust earnings and in 2010, earnings before interest, tax, depreciation and amortisation (EBITDA) reached €265.4 million, compared with €106.7 million in 2009. Sales in 2010 increased by 48% to ?2.26 billion compared with €1.52 billion in 2009 and in 2010 JCB sold 51,600 machines against 36,000 in the previous year.

Group chairman Sir Anthony Bamford said: "We started 2010 cautiously optimistic about trading prospects. Growth was strongest in the 'BRIC' countries and other developing economies, but some established markets, notably the UK and Germany, also performed satisfactorily. 2011 has also started well for the JCB Group but we are still mindful of economic concerns which could hold back the recovery. We continue to invest in our manufacturing facilities, notably this year in India and Brazil and, of course, in new products, with 13 new machines launched so far in 2011." In 2011 JCB will be investing more than €22.6 million in modernising and increasing capacity at its 11 UK plants.

The company is also investing in a new 32,515m2 factory in Sao Paulo, Brazil, which will produce backhoe loaders and crawler excavators and will come on stream in early 2012. The company has also opened an engine manufacturing plant in India which went into production this year.
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