JCB to Further Invest Rs.650 Crore
JCB is to invest Rs. 650 crores in a new plant in India as the company prepares to celebrate 40 years of manufacturing in the country. JCB commits a further investment of Rs. 650 crore and makes Gujarat its home
JCB is to invest Rs. 650 crores in a new plant in India as the company prepares to celebrate 40 years of manufacturing in the country.
JCB commits a further investment of Rs. 650 crore and makes Gujarat its home for its sixth factory in the country. The new factory will be located in Vadodara in Gujarat and will manufacture parts for global production lines as the company prepares to meet increased demand.
JCB Chairman Lord Bamford laid the foundation stone for the new plant in India, a country which has been JCB’s biggest single market since 2007. The announcement follows the start of work on a new £50 million factory to build cabs for JCB machines in Uttoxeter, Staffordshire, UK which will be completed later this year.
“With major investment in manufacturing capacity in the UK and India, we are very well placed to grow our business in the future. This year we celebrate 40 years of JCB India and our success over those four decades is down to our continual investment. It is fitting that we mark the 40th anniversary with an investment in a factory which will give us enormous manufacturing capacity,” stated Lord Bamford, JCB Chairman.
JCB India already has factories in Delhi, Pune and Jaipur. Production at the new facility at Halol-II, Vadodara on a 44 acre site will begin next year. It will house the most modern laser cutting, welding and machining technology and will be a fork-lift free operation. It will be capable of processing 85,000 tonnes of steel annually.
“This new factory will be manufacturing engineered components and sub-assemblies for JCB’s many factories around the globe. It will add to the capacity at our existing plants in India. Vadodara presents us with the advantage of being located close to the Surat port and also to our key suppliers,” said Vipin Sondhi, Managing Director & CEO, JCB India.
JCB is a leading manufacturer of earthmoving and construction equipment in India. It has five world-class factories at Delhi-NCR, Jaipur and in Pune, where it also has a Design Centre. Through an indigenised supply chain, it manufactures over 60 different products in eight categories. Products made in these factories have been exported to over 100 countries. It introduced the iconic Backhoe Loader in India four decades ago, a machine which is today seen at virtually every work site across the country. Today JCB India is a full range infrastructure equipment partner and provides solutions for customers by integrating its Range, Reach and world-class Product Support.
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