British PM says JCB Brazilian factory will generate jobs back home
British Prime Minister David Cameron chose to use the official opening of JCB’s new Brazilian factory to urge other UK companies to capitalise on the country’s construction boom. The new 100,000 sqm and 10,000 machines per year factory in the state of Sao Paulo cost $100 million to build. JCB will be looking to capitalise […]
Prime Minister David Cameron and JCB Chairman Sir Anthony Bamford on the heavy excavator production line.
British Prime Minister David Cameron chose to use the official opening of JCB’s new Brazilian factory to urge other UK companies to capitalise on the country’s construction boom.
The new 100,000 sqm and 10,000 machines per year factory in the state of Sao Paulo cost $100 million to build. JCB will be looking to capitalise on its position as one of the most establish western manufacturers in the country.
During a whistle-stop tour of the facility Cameron was shown production lines for backhoe loaders, tracked excavators, wheel loading shovels and other equipment by JCB’s chairman Sir Anthony Bamford and JCB Brazil managing director Carlos Hernandez.
Cameron described JCB as a “great British brand” noting that the factory is going “to mean £100 million of extra orders from the UK and that’s good for British jobs, tying us to the fast growing economies of the future.”
“JCB is an extraordinary brand and success story and we should listen to what he is saying about how to rebalance and rebuild manufacturing and engineering in Britain.
“Sir Anthony is one of the leading industrialists in Britain. He is someone I listen to very carefully.”
Bamford, known more commonly in the UK as Sir Anthony described South America as a huge opportunity for growth for his company, adding, “and our investment in a new factory is critical to building on the success we already enjoy in this important market.”
He added: “There are £20bn worth of infrastructure improvements scheduled in Brazil and JCB’s new factory will enable us to capitalise on those projects, including the 2014 World Cup and 2016 Olympic Games.
“JCB’s decision to invest is a big vote of confidence in the Brazilian economy and was driven by the excellent long-term growth opportunities both here and in Latin America. Our investment will also have a positive impact on the UK economy because at full capacity, the Brazilian plant will import £100m of components annually from the UK including engines and transmissions.”
