CONSTRUCTION firm JCB today announced record turnover figures of £2.75 billion.
The financial results from the previous year are the greatest in the Staffordshire-based company’s 66-year history and show a 37% rise on 2010’s figures and nearly double those posted in 2009.
Sir Anthony Bamford, chairman of the global company, said the record numbers were delivered on the back of growth in both traditional markets and the emerging economies.
“We are investing heavily in manufacturing facilities in the UK and overseas, and later this year a new 350,000 sq ft factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil,” said Sir Anthony. “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 and meet legislative requirements.”
He added that while bosses at JCB were mindful of continuing worldwide economic and political uncertainty, further investment in their 22 global factories, coupled with the “biggest product launch programme” in company history, meant they were well placed to deliver another strong performance in 2012.
The world’s third largest manufacturer of construction equipment, JCB have plants on four continents and employ more than 10,000 people worldwide.