JCB India has announced that it will invest Rs 650 crore in a new plant in India as the company prepares to celebrate 40 years of manufacturing in the country. The new factory located in Vadodara, Gujarat will manufacture parts for global production lines as the company prepares to meet increased demand.
The company's chairman Lord Bamford laid the foundation stone for the new plant which will be JCB’s sixth factory 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 (Rs 454 crore) factory to build cabs for JCB machines in Uttoxeter, Staffordshire, UK which is expected to be completed later this year.
JCB chairman, Lord Bamford said, “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’s fitting that we mark the40th anniversary with an investment in a factory which will give us enormous manufacturing capacity.”
JCB India already has factories in Delhi, Pune and Jaipur. The production at the new facility at Halol-II, Vadodara site, which is spread across 44-acres 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
Vipin Sondhi, MD and CEO, JCB India said, “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.”
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