Advertising

JCB invests £20m in Brazil

By James Pugh | Staffordshire | Business | Published:

Staffordshire digger giant JCB has announced a £20 million investment in its Brazilian operations as the company gears up for growth.

JCB chairman Lord Bamford (right) welcomes the Governor of the State of São Paulo, João Doria, to JCB's world HQ

The investment was confirmed as JCB hosted the Governor of the State of São Paulo, João Doria at the company’s world headquarters in Staffordshire.

Sorocaba, São Paulo has been the home to JCB’s Brazilian production operations since 2001. In 2012 the company invested £80 million in a new factory in the city, which was opened by Prime Minister David Cameron.

The latest investment will see the launch of new products for Brazil and neighbouring South American markets.

During his visit to JCB, Governor Doria met JCB Chairman Lord Bamford and JCB CEO Graeme Macdonald.

Mr Macdonald said: “We have a world-class production facility in Brazil and the investment announced today underlines our commitment to this important market and enables us to seize all the opportunities for growth which lie ahead of us.

"The Brazilian market is in very good shape and has grown substantially over the past 18 months and continues to expand. There are some very exciting opportunities ahead.”

James Pugh

By James Pugh
@JamesP_Star

Shropshire Star Business and Farming Editor.

Advertising

Top Stories

Advertising

More from the Express & Star

Advertising

UK & International News