JCB to invest US$25 million into Brazil
By Andy Brown10 July 2019
Original equipment manufacturer JCB has announced a US$25 million investment in its Brazilian operations.
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, England.
Sorocaba in São Paulo has been the home to JCB’s Brazilian production operations since 2001. In 2012 the company invested US$100 million in a new factory in the city, which was opened by the Prime Minister at the time, David Cameron.
The latest US$25 million 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.
Macdonald commented, “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.”