JCB invests Rs 1,000 cr in Vadodara export facility for global operations
Equipment

JCB invests Rs 1,000 cr in Vadodara export facility for global operations

JCB, a UK-based construction equipment company, is spending Rs 1000 crore in Vadodara, Gujarat, to establish a specialised exports facility for crucial parts and components for its global operations.

Gujarat Chief Minister Bhupendra Patel and UK Prime Minister Boris Johnson, in the presence of JCB Chairman Lord Bamford, inaugurated the sixth facility.

With the opening of the facility in Gujarat, JCB will be able to concentrate all of its exports under one roof and use the private port in Hazira, Surat to send welded component and fabrication parts worldwide to JCB's global supply chain.

The facility, which is spread out across 47 acres, will reach capacity in October 2022. The steel processing capacity of the factory will be 85,000 tonnes. The plant's expenditure has been increased to Rs 1,000 crore, which was originally expected to be put up at an investment of Rs 650 crore.

JCB has spent overall £1 billion in the nation and is currently the market leader in construction equipment, selling one out of every two units.

The construction equipment manufacturer, which produces around 40,000 to 50,000 machines, will generate 1,200 direct employment and hundreds of indirect ones in the ancillary sector.

Vadodara-made machinery would be sent to facilities in the United Kingdom, Brazil, and other areas of the world, and many women would make up half of the factory's workers.

It may drastically boost JCB's exports, which currently account for 15% of overall sales volumes, to about 20% to 25% in the medium future. From India, JCB presently exports to 110 nations.

Since 2007, India has been JCB's largest market, accounting for over a fifth of the company's global sales.

According to financials obtained from the Ministry of Corporate Affairs, the company earned Rs 11,751 crore in fiscal year (FY) 2021.

Image Source

JCB, a UK-based construction equipment company, is spending Rs 1000 crore in Vadodara, Gujarat, to establish a specialised exports facility for crucial parts and components for its global operations. Gujarat Chief Minister Bhupendra Patel and UK Prime Minister Boris Johnson, in the presence of JCB Chairman Lord Bamford, inaugurated the sixth facility. With the opening of the facility in Gujarat, JCB will be able to concentrate all of its exports under one roof and use the private port in Hazira, Surat to send welded component and fabrication parts worldwide to JCB's global supply chain. The facility, which is spread out across 47 acres, will reach capacity in October 2022. The steel processing capacity of the factory will be 85,000 tonnes. The plant's expenditure has been increased to Rs 1,000 crore, which was originally expected to be put up at an investment of Rs 650 crore. JCB has spent overall £1 billion in the nation and is currently the market leader in construction equipment, selling one out of every two units. The construction equipment manufacturer, which produces around 40,000 to 50,000 machines, will generate 1,200 direct employment and hundreds of indirect ones in the ancillary sector. Vadodara-made machinery would be sent to facilities in the United Kingdom, Brazil, and other areas of the world, and many women would make up half of the factory's workers. It may drastically boost JCB's exports, which currently account for 15% of overall sales volumes, to about 20% to 25% in the medium future. From India, JCB presently exports to 110 nations. Since 2007, India has been JCB's largest market, accounting for over a fifth of the company's global sales. According to financials obtained from the Ministry of Corporate Affairs, the company earned Rs 11,751 crore in fiscal year (FY) 2021. Image Source

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?