“To have produced 100,000 compact excavators is something for the whole JCB team to celebrate, and with more additions to the range due later this year, we look forward to more growth in this important sector of the market.” -- Graeme Macdonald, JCB CEO
Savannah, GA (PRWEB) January 10, 2016
On January 6, 2016, JCB celebrated the production of its 100,000th compact excavator with the promise of more innovative machines to come. The building of this 100,000th machine comes as JCB continues to grow its market share in this popular North American equipment category.
JCB’s first compact excavator – an 801 model weighing in at 3,307 lb/1.5 tons – rolled off the production line of in 1989, a year when the global manufacturer produced just over 450 machines. By 1992, JCB’s compact excavator range had expanded to four models with 1,000 units produced annually.
The company's 100,000th compact excavator is a 24,250 lb/10-ton 100C-1, one of 22 models in today’s JCB compact excavator range.
The compact excavator sector is one of the most competitive areas of the global construction equipment market and is worth an estimated $5.85 billion annually. More than 20 major manufacturers compete for this valuable business, and with almost 200,000 sold worldwide each year, it is the single largest sector of the annual 700,000-unit construction equipment market.
JCB CEO Graeme Macdonald said: “JCB has an innovative, powerful and robust range of compact excavators which keep growing in popularity. From being a challenger in the market 25 years ago, JCB is now firmly established as an industry leader, setting trends for design innovation and manufacturing excellence.
“To have produced 100,000 compact excavators is something for the whole JCB team to celebrate, and with more additions to the range due later this year, we look forward to more growth in this important sector of the market.”
JCB has recently capitalized on the growing opportunity presented by the compact excavator sector by investing $22 million in manufacturing technology and new product development. Over the past two years, this investment has led to the launch of brand new models including the 67C-1, 85Z-1, 86C-1 and 100C-1 models which compete in the 13,000 – 22,000 lb/six, eight and 10 metric ton weight categories.
JCB is a privately-owned, global company that manufactures over 300 different machines from 22 plants on four continents, including the United Kingdom, India, Brazil and the United States. Equipment lines offered include: backhoe loaders, telescopic handlers, tracked excavators, wheel loaders, rough terrain forklifts, compact excavators, skid steer loaders, compact track loaders, compaction equipment and the unique Fastrac tractor. For more information, visit http://www.jcbna.com.