Contractors World

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Contractors World UK & Ireland
2012 Vol 2 No 4   
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Construction News - Economics - Business - Regulations

JCB Chairman Sir Anthony BamfordJCB post record financial results

JCB, the global construction and agricultural equipment manufacturer, has announced record financial results for 2011.

Turnover last year rose to the highest level in the company’s 66 year history at £2.75 billion, 37% greater than the £2 billion achieved in 2010 and more than double the £1.35 billion sales recorded in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached a record £355 million and machine sales rose to 69,100 units (2010: 51,600).

JCB Chairman Sir Anthony Bamford (above) said, “This record financial performance has been delivered on the back of very strong growth in both traditional markets and the emerging economies. While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s on-going investment in its 22 global factories, coupled with the biggest product launch programme 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 sq ft 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 programmes to further improve fuel efficiency and meet legislative requirements.”

In 2011 JCB retained its position as the World Number One manufacturer of backhoe loaders and telescopic handlers. In 2012 JCB will unveil a total of 66 innovative new products for global markets, many of which were unveiled for the first time at the Intermat construction equipment fair in Paris.

JCB is the world’s third largest manufacturer of construction equipment with 22 plants on four continents in addition to 16 strategically located parts centres designed to support customers around the world. The company employs more than 10,000 people around the world and has 770 dealers with 2000 dealer depots.

Click here for more information >>> JCB Corporate

CECA sees glimmers of hope with a but . . .

The first positive figures for preliminary works since the collapse of Northern Rock helped maintain slender growth in the infrastructure sector, according to figures published recently.

Results from the Civil Engineering Contractors Association’s Workload Trends Survey 2012 Q1 show signs of growth in the industry, primarily driven by the rail and electricity sectors, and glimmers of hope that the oft-forgotten sector of civil engineering - preliminary works for building projects - has returned to growth for the first time since the credit crunch.

On balance, 1% of CECA members stated that their workloads had increased year-on-year, employment in the industry increased in Great Britain as a whole, and future workloads were forecast to rise by 10% of firms, on balance.

This was the second consecutive quarter of growth reported by the survey, after more than three years of decline.

However, workloads in the motorways and local roads sectors continued to deteriorate and, on balance, 43% and 30% of firms, respectively, indicated that activity fell in these sectors.

“This good news for the industry must be put in context" - Alasdair Reisner

Commenting, CECA director of external affairs Alasdair Reisner said, “This good news for the industry must be put in context. It is clear that certain sectors are driving growth while others - particularly the motorways and local roads sectors - continue to face challenging market conditions.

“It is far too early to be talking about a recovery in the sector as a whole, let alone successfully addressing the looming infrastructure deficit Britain faces over the coming years. Nonetheless, the news that the industry is growing - albeit slowly - and that certain sectors, such as preliminary works, are showing positive results, should be welcomed.”

Click here fore more information >>> CECA

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