JCB reported its best sales year ever: $4.4 billion for 2011. Sales were up 39 percent over 2010 and doubled 2009 sales. Earnings were $566 million on machine sales of 69,100 units, up from 51,600 machines in 2010.
“This record financial performance has been delivered on the back of very strong growth in both traditional markets and the emerging economies,” said JCB chairman Sir Anthony Bamford. “While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s ongoing investment in its 22 global factories, coupled with the biggest product launch program in our history, means we are well placed to seize new opportunities for growth and deliver another strong performance in 2012.
“We are investing heavily in manufacturing facilities in the UK and overseas, and later this year, a new 350,000-square-foot factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil. Substantial investment in research and development continues to keep JCB at the forefront of construction equipment technology, including engine development programs to further improve fuel efficiency and meet legislative requirements.”