British Prime Minister David Cameron has officially opened JCB’s new $100 million factory in Brazil.
Cameron, on a trade mission to Brazil, spent an hour touring the 350,000-square-foot plant in Sorocaba City in São Paulo State. He was given an insight into the processes involved in the production of backhoe loaders, tracked excavators, wheel loaders, telescopic handlers and compaction equipment, all of which the factory will manufacture.
"JCB's expansion in Brazil shows how British companies can capitalize on the opportunities for growth in Latin America,” said Cameron. “This expansion also creates new opportunities in JCB factories in Derbyshire and Wales. This is a great example of Britain’s engineering prowess and reflects that the U.K. is a world leader in innovation and technology.”