JCB plans to expand its operations in Staffordshire, UK, investing $245 million and creating an additional 2,500 jobs by 2018, adding a further 7,500 jobs in the UK supply chain. Lord Bamford, JCB Chairman, hosted the Chancellor of the Exchequer, the Rt. Hon. George Osborne at JCB’s backhoe loader factory in Rocester, Staffordshire to mark the announcement and confirm the investment plans as the beginning of a broader, global growth initiative.
“Our plan to create 2,500 high-quality manufacturing jobs locally is clear evidence of the important link between infrastructure improvement and job creation. The Chancellor’s decision to invest in the regional infrastructure means JCB can continue to invest locally, which is good for Staffordshire and good for Britain, especially given the wider benefits to our UK supply chain.”
Subject to planning consent from relevant Staffordshire authorities, the $245 million plans represent the single largest investment in JCB’s history. They include:
The projected growth in machine output from Staffordshire factories will be supported by an increase in production of components from factories elsewhere in the UK, including engines from JCB Power Systems in Foston, Derbyshire, and axles and gearboxes from JCB Transmissions in Wrexham, North Wales.
Osborne concluded his visit with a short speech to employees, to congratulate them on reaching a key milestone in JCB’s history by selling its one-millionth machine during 2013. Over half a million of these were backhoe loaders, an innovative machine range that celebrates its 60th birthday this year.