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East Midlands Chamber News

JCB donates $250,000 worth of machines to quake disaster zone

JCB today announced the donation of $250,000 worth of equipment to the Indonesian Island of Sulawesi following the earthquake and tsunami which has killed more than 1,400 people.

Two Loadall telescopic handlers, complete with powerful grab attachments, are on their way to the region, which is battling against the humanitarian disaster.

The 531-70 and 540-170 machines can lift loads weighing several tonnes and, with the grab attachment, will be perfect for removing heavy debris.

The machines, fitted with a variety of other attachments, including buckets and forks, will also play a major part in reconstruction efforts once they begin.

JCB Chairman Lord Bamford said: “The scale of this natural disaster has shocked people all over the world and JCB always tries to help wherever these catastrophes occur. I hope our donation can speed up clear-up operations and help with subsequent redevelopment.”

The UK Foreign Office and the Indonesian Embassy in London have been informed of the donation.

JCB has a history of helping countries affected by major natural disasters and has made equipment available to support relief and rebuilding efforts after earthquakes in Nepal, Chile, Pakistan and Haiti, and in the Philippines in the aftermath of Typhoon Haiyan.

In August JCB donated the use of a JS205 tracked excavator and an operator to the Indonesian island of Lombok after a series of earthquakes and aftershocks.


Record sales as rebound remains strong

JCB set new records for turnover and machine sales in 2017 as global markets continued to rebound strongly during the year, the company announced.

The Staffordshire-based construction and agricultural machinery maker revealed that its sales turnover in 2017 rose by almost 28% to £3.35bn (2016: £2.62bn), while machine sales increased to 75,693 (2016: 66,011).

Earnings on an EBITDA basis rose by almost 19% to £341m (2016: £287m). Since 1975, JCB’s average return on investment has been over 30%.

The market rebound has continued strongly in 2018 which has pushed JCB global production levels to a record level of 500 machines per day.

JCB CEO Graeme Macdonald said: “2017 was a very strong year for JCB during which we outpaced the market and set new sales records. While the global market grew by over 21% last year, JCB’s sales increased by almost 28%. This growth drove demand across all of JCB’s product ranges, in particular for Loadall telescopic handlers, where we are now investing in increased global production capacity.”

JCB Chairman Lord Bamford said: “The continued growth in global markets in 2018 has seen JCB production rates reach their highest in our history. Employment levels across our plants are also at record highs and we now employ more than 15,000 people. In the UK alone we have recruited almost 1,100 people this year, which is superb news for JCB and great news for British manufacturing.”

JCB has 22 factories around the world, including 11 in the UK and JCB’s UK plants now employ a record 7,600 people. In June, JCB revealed it was investing £50m in a new British plant to manufacture cabs for its machines in Uttoxeter, Staffordshire. The factory will open in 2019.

 

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