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JCB sees record turnover and machinery sales

The company said global markets had continued to rebound strongly in 2017.


Alex   Black

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Alex   Black
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JCB sees record sales

JCB has reported record turnover and machinery sales in 2017 as global markets rebounded during the year.

 

Its sales turnover rose by almost 28 per cent to £3.35bn in 2017 and machine sales rising from 66,011 to 75,693 year on year.

 

The manufacturer added this growth has continued in 2018 with global production now at a record level of 500 machines a day across its 22 factories worldwide.


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Chief executive 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 per cent last year, JCB’s sales increased by almost 28 per cent.

 

Demand

 

He added this growth had driven demand across all of its product ranges.

 

JCB xhairman 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 employ 7,600 people.

 

In June, JCB also revealed it was investing £50 million in a new British plant to manufacture cabs for its machines in Uttoxeter, Staffordshire which will open in 2019.

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