JCB BREAKS GROUND AT NEW $500 MILLION NORTH AMERICAN FACTORY

SAVANNAH, Ga., June 4, 2024 /PRNewswire/ -- JCB today began work on a new $500 million factory in San Antonio, Texas – the biggest investment in the company's history.

An official groundbreaking ceremony at the site marked the beginning of construction, where The Hon. Alice Bamford, the daughter of company Chairman Anthony Bamford, as she turned the first shovelful of dirt on the property.

Work on the 720,000 sq. ft. (67,000m²) factory is now under way on the 400-acre site. It will be the company's second largest plant, rivalled only by JCB's world headquarters in Rocester, Staffordshire, England, and create 1,500 new jobs over five years. The factory will make Loadall telescopic handlers and aerial access equipment, with production scheduled to start in 2026. The factory will also have the capacity to expand and build other products in the future.

Chairman Lord Bamford said: "Construction equipment manufacturers sell more than 300,000 machines every year in North America, making it the single largest market in the world. JCB has been growing its share of this important market steadily over the past few years and the time is now right to invest in our manufacturing capacity in North America, where we already have one factory."

"JCB really has come a considerable way since we sold our first machine here 60 years ago and it gives me immense pleasure to see how our business has grown in North America. Today really is a milestone day in the history of our family company," Bamford says.

"Texas was this year named as The Best State for Business for a record-breaking 20^th year, and I am proud to welcome JCB as the newest business to call our great state home," said Governor Greg Abbott. "Today's groundbreaking marks a major milestone in JCB's journey that will create 1,500 good-paying jobs for hardworking Texans in Bexar County and bring hundreds of millions of new capital investment to San Antonio and beyond. 'Made in Texas' is truly a powerful global brand, and I look forward to celebrating JCB's continuing success as we work together to build a bigger, better Texas for decades to come."

JCB CEO Graeme Macdonald said: "JCB's business in North America has made tremendous progress in the past few years and the opportunity for growth here is vast. This record investment gives us a fantastic opportunity to build on our success and we look forward to the completion of this great new facility."

Richard Fox-Marrs, President & CEO of JCB North America, said: "The Loadall telescopic handler is JCB's biggest selling product in North America and it is also the single largest market for aerial access equipment worldwide, and therefore, it makes great sense to build these two ranges here."

"Texas is an obvious choice for our new North American manufacturing facility, not least because the state is the largest consumer of construction equipment in the USA. San Antonio is also the logical choice as a location for our new factory because of its central location, proximity to the supply chain and great local labor force. We are really excited about JCB's new San Antonio factory and for the future of our business in North America," says Fox-Marrs.

JCB sold its first machine in North America in 1964 and opened its first US manufacturing plant in 2001 in Savannah, Georgia, which employs 1,000 people. The new facility will manufacture machines for customers specifically in North America.

JCB employs 19,000 people globally and has 22 factories around the world, including 11 in the UK, seven in India, and others in Brazil and China. The company will mark its 80th anniversary in 2025.

About JCB North America
JCB is the world's largest privately owned manufacturer of construction, agricultural and defense equipment. JCB North America currently employs over 1,000 people and operates out of its headquarters in Savannah, Georgia. The North American division also has regional offices in Dallas, Texas; Santa Monica, California; and Miami, Florida. JCB manufactures a range of more than 300 products for customers in 150 countries. JCB products include Loadall telescopic handlers, backhoe loaders, tracked and wheeled excavators, wheel loaders, compact excavators, skid steer loaders, compact track loaders, Access aerial work platforms, rough terrain forklifts and Fastrac tractors. For more information, visit www.jcb.com.

SOURCE JCB North America

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