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JCB records highest ever profits in 2012 | JCB records highest ever profits in 2012 |
(about 7 hours later) | |
Digger maker maker JCB has recorded its largest ever profit. | |
Although turnover in 2012 remained fairly static at £2.7bn, the Rocester-based firm announced a profit of £365m, up £10m on the previous year. | Although turnover in 2012 remained fairly static at £2.7bn, the Rocester-based firm announced a profit of £365m, up £10m on the previous year. |
JCB opened a £63m factory in Brazil in September, saw trade double in Africa and rise by 12% in the Middle East. It is also building a factory in India. | JCB opened a £63m factory in Brazil in September, saw trade double in Africa and rise by 12% in the Middle East. It is also building a factory in India. |
Chief executive Alan Blake said the company is looking to recruit more permanent staff in the UK. | Chief executive Alan Blake said the company is looking to recruit more permanent staff in the UK. |
About 1,000 people currently working for JCB in Staffordshire are agency workers, but Mr Blake said: "We've already recruited over 500 people this year alone so it is good news for jobs, and we currently have 100 vacancies for highly specialist engineers. | About 1,000 people currently working for JCB in Staffordshire are agency workers, but Mr Blake said: "We've already recruited over 500 people this year alone so it is good news for jobs, and we currently have 100 vacancies for highly specialist engineers. |
'No party' | 'No party' |
"Most of our full-time employees have entered through some period of temporary work, proved their worth and when conditions have been right we've taken them on." | |
The company saw a slight rise in unit sales from 69,100 to 69,250 in 2012 and plans to open a £62m plant in Jaipur next year. | The company saw a slight rise in unit sales from 69,100 to 69,250 in 2012 and plans to open a £62m plant in Jaipur next year. |
Mr Blake said: "As we make profit we invest that profit back in and that means more products, more factories, more growth. | Mr Blake said: "As we make profit we invest that profit back in and that means more products, more factories, more growth. |
"Growth for JCB anywhere is good for JCB and a significant number of the machines are still made here in the UK and shipped around the world. | "Growth for JCB anywhere is good for JCB and a significant number of the machines are still made here in the UK and shipped around the world. |
"We're never content so there won't be a party. We'll be pleased that we've got this growth but we'll be looking for next year's growth." | "We're never content so there won't be a party. We'll be pleased that we've got this growth but we'll be looking for next year's growth." |