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Strong growth! JCB group's performance in 2018 hit another record high

strong growth! JCB group's performance in 2018 hit another record high

China Construction Machinery Information

recently, JCB group released the 2018 global performance report that the pointer of the load instigator encountered the head limit switch after running for one week. The report shows that driven by the strong market demand for global engineering equipment and agricultural equipment in 2018, JCB group's annual performance in 2018 hit another record high

in 2018, JCB's global turnover reached £ 4.1 billion, up 22% year-on-year from £ 3.35 billion in 2017. The annual sales volume of equipment increased to 96246 units, up 27.2% from 75693 units in 2017. Profit before EBITDA increased by 31% to £ 447million

Mr. Graeme MacDonald, CEO of JCB group, said: "2018 was a very strong year for JCB's business growth. The global construction equipment market increased by 18%, reaching the market size of 1million units in the history of 10 years. JCB's global turnover also increased by 22%, surpassing the growth level of the global market, which is a very excellent achievement! However, after entering 2019, the global market growth was generally in a weak stage, especially in the Middle East, Turkey, Latin America, India and other markets Signs of weakness. JCB will continue to make strategic investment in new product development and manufacturing capacity, and make adequate preparations for the long-term growth of the future market! "

"in 2018, thanks to the continuous growth of the global market, JCB's output also reached a new historical peak. In 2020, JCB will usher in the 75th anniversary of the establishment of the company, and the pace of JCB leading innovation will never stop!"

Lord Bamford, chairman of JCB group, said, "the innovative products recently released by JCB, especially JCB's electric small excavators, continue to lead the pace of industrial innovation and can meet the growing demand for zero emission or ultra-low emission equipment in the construction industry, especially in cities."

With the joint efforts of all parties, India will remain the largest overseas monomer Market of JCB group in 2018. 2019 marks the 40th anniversary of JCB India. JCB recently invested 65million pounds to build a new plant in Gujarat, which will open in 2020. JCB also invested £ 50million to build a new cab factory in Uttoxeter, Staffordshire, which will open in the autumn of 2019. At present, JCB has 22 factories in the world, including 11 in the UK

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