Machinery / Industrial Parts & Tools

A few days ago, the world-renowned construction machinery manufacturer JCB Group announced its 2020 operating results. JCB Group's operating performance in 2020 shows that the company's global sales in 2020 was 3.1 billion pounds, a year-on-year decrease of 26%; equipment sales were 74,590 units, a year-on-year decrease of 19%.

Mr. Graeme Macdonald, CEO of JCB Group, said: "In March 2020, when the new crown pneumonia epidemic broke out globally, orders worth 1 billion pounds disappeared overnight. JCB Group was forced to close 21 manufacturing plants around the world for two months. Although the global business has been severely affected, JCB will remain profitable in 2020 and have been profitable for 76 consecutive years. The global market will usher in great prosperity in 2021: as of September this year, the JCB Group’s order volume has been four times the normal situation in previous years. Therefore, The JCB Group’s production volume will increase to an unprecedented level in history."

Lord Bamford, Chairman of JCB, said: "The past is over. 2020 is undoubtedly the most difficult year in JCB history, but our focus now is very firmly facing the future. JCB continues to lead in zero-emission technology: JCB development The first hydrogen-powered internal combustion engine in the global construction equipment industry was installed in JCB equipment to start testing. The JCB hydrogen-powered engine is expected to start mass production at the end of 2022. This will be a great achievement for the British manufacturing industry."