JCB backhoes - 70 years and still counting
It's remarkable that it is now 70 years since the first JCB backhoe loader was released on an unsuspecting world.
Despite Brexit being foreshadowed as a handbrake on Britain’s exports to Europe, it seems the future holds no fear for construction and farm machinery maker JCB, which has just released impressive year 2017 financial results.
The company produced 75,693 machines, up from 66,011 in 2016, resulting in a sales turnover increase of about 28% to GBP 3.35 billion (NZ$ 7.37b), up from GBP 2.62b.
Earnings rose by 19% to GBP 341 million (NZ$ 685m), and the company notes that since 1975 the average return on investment has always exceeded 30%.
The global market is said to have risen by 21% in 2017, but JCB was ahead of trend with growth up 28%, much of it derived from big gains in its Loadall telehandler product range.
It has 22 factories worldwide, including 11 in the UK, and about 15,000 employees (7600 in UK).
Production figures for the 2018 year are trending upward: daily production is 500 machines. This continued growth is said to be the stimulus for building a GBP 50m factory at the Uttoxeter base for cab production, scheduled for opening in 2019.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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