Digger-maker JCB aiming for overseas growth as it predicts 'good year' ahead
A SENIOR boss at digger manufacturer JCB is hopeful the business will see more growth overseas in 2013.
Alan Blake, chief executive of the Rocester-based firm, said although trading in the final three months of 2012 had slowed, he was confident the company would see growth in emerging economies such as Brazil, India and Russia.
Earlier this year, JCB reported record sales of £2.75 billion and profits of £355 million. Mr Blake said demand for JCB's products in the emerging economies was down to major investments in infrastructure.
He said: "In order to support their growing economies, these countries need the appropriate infrastructure.
"That is why we have opened factories in India and Brazil to service this need.
"Our British factories also stand to benefit from these major investments.
"For example, the JCB Power Systems factory at Foston will supply the engines for machines made in Brazil.
"On top of our interests overseas, we have also invested heavily in UK plants.
"Looking ahead, we are expecting some economic headwinds in the early part of 2013 but we're investing in future growth opportunities around the world. We're confident that 2013 will be a good year."