JCB expands in Latin America with $25m investment in Brazil

JCB expands in Latin America with $25m investment in Brazil

JCB expands in Latin America with $25m investment in Brazil

JCB has announced a $25 million investment in its Brazilian operations as the company gears up for growth in the Latin America region.

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

Sorocaba, São Paulo has been the home to JCB’s Brazilian production operations since 2001. In 2012 the company invested $100 million in a new factory in the city, which was opened by Prime Minister David Cameron. The latest $25 million investment will see the launch of new products for Brazil and neighbouring South American markets.

The Governor of the State of São Paulo, João Doria meeting JCB Chairman Lord Bamford at the company’s World HQ in Staffordshire.
The Governor of the State of São Paulo, João Doria meeting JCB Chairman Lord Bamford at the company’s World HQ in Staffordshire.

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

Graeme 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.”

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Post source : J C Bamford Excavators Ltd

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Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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