JCB Full Form
JCB stands for Joseph Cyril Bamford. JCB Excavators Ltd. is a private company with its headquarters in Rocester, England, UK. The company is engaged in manufacturing heavy equipment for machinery related to construction, agriculture, waste handling, and demolition work.
JCB Research owns JCB. The company has just two shares and they both are owned by Anthony Bamford. JCB Research is a company with unlimited liability. As per a study it was found that the JCB group paid £577 million to JCB Research.
The JCB Service is owned by ‘Transmission and engineering Netherlands BV’, which is a Dutch parent company. It is controlled by ‘Bamford Family Interests’.
A Brief History
In October 1945, Joseph Cyril Bamford established JCB in Uttoxeter, Staffordshire, England.
Joseph Cyril Bamford, Founder of JCB
- In 1948, the company’s first hydraulic tipping trailer was manufactured by six people in Europe.
- In 1950 Bamford, transfer the company’s office to Rocester, England. This new location later became the company’s headquarters.
- In 1953, on its first backhoe loader, the company’s logo appeared for the first time.
- In 1957, “Hydra-Digga” a single all-purpose tool used in the agricultural and construction industries were launched by the firm.
- In 1960, JCB introduced its hydraulic tractors in the North American market.
- JCB had sold more than 3,000 3C backhoe loaders by 1964. In 1965, the JCB 7, the first 360° excavator was introduced.
- In 1978, JCB developed the Loadall machine and in 1979, it began its operation in India.
- From 1991 to 1998, to produce excavators, JCB signed a joint venture with Sumitomo of Japan.
- In 1993, a JCB factory was inaugurated in Pooler, Georgia, and the US, and in 1994 another factory was inaugurated in Brazil.
- In December 2000, the European Commission charged a fine of €39.6m for violating European Union antitrust laws.
- In 2004, Vibromax, a German manufacturing company of compaction equipment based in Gatersleben is also acquired by JCB. In the same year, the company opened a new factory in Pudong.
- During the recession period, JCB shed 2000 jobs but in 2010 it recruited 200 new workers.
- In 2009, JCB announced to set up its factory at Ballabgarh, Haryana, India to make the country its largest manufacturing hub.
JCB India Headquarters, Haryana, India
- Until 2016, JCB was also a member of the CBI business lobby group. But in October JCB left the group.
- Since 2007 JCB and related Bamford entities have been donated more than £8.1m to the UK Conservative Party in cash or kind.
In the UK, North America, India, Brazil, Germany, China, and Australia, JCB has established 22 factories in which more than 12,000 employees are working. The company manufactures more than 300 types of machines and sold them in the market of over 150 countries.
Other than its headquarters, the company has three production plants in Cheadle, Staffordshire, three in Uttoxeter, one in Wrexham in North Wales, one in Rugeley, and one in Foston, Derbyshire. The company also inaugurated a dedicated logistic hub in Newcastle-under-Lyme in July 2013. The company also has the license to consumer power tools that are produced by Alba.
In India, JCB factories are located in Faridabad, Jaipur, and Pune. The company earns 17.5% of its total revenue from the Indian construction equipment market.
The JCB is worldwide popular for manufacturing backhoe loaders. These loaders are used for carrying large and heavy moving items. The company‘s products range is given under:
- X Series wheeled 360° excavators (an upgrade version of the J series Tracked 360° excavators) between the range of JS130W to JS200W were developed by the company. The company was also honored by MacRobert Award in July 2020. This is the highest prize in the UK in the field of engineering innovation that the company got for its electric digger.
- Industrial and agricultural wheel loaders include compact 6-tonne hydrostatic machines as well as large machines that can carry 25-tonne.
- JCB Fastrac, a tractor that features proper suspension and can travel at high speed on roads was also manufactured by JCB in 1990.
- Military vehicles include the JCB HMEE for load-handle and excavation. JCB started the manufacture of compact tractors in 2006. These tractors are designed for grounds-care, horticulture, and light agricultural duties.
- JCB Dieselmax, a diesel-lowered land speed record vehicle with a two-stage turbocharger was introduced by the company in April 2006.
- JCB also spread its product range to a series of rugged feature phones as well as smartphones.
Logo: The present logo of the company was designed in 1953 by Derby Media and its advertising designer was Leslie Smith.
Trends: In India, the company got popularized by a meme named ‘JCB ki Khudai’ (JCB digging) which was related to its digging activities
JCB Insurance Services Ltd
The insurance service facility was started by Sir Anthony Bamford, the company’s chairman, in 1984. The insurance gives safety to the purchasers of the firm’s equipment against all risks policies, road risks coverage, public and employers liability.
JCB Academy, a secondary school located in Rocester, England is also run by JCB. In September 2010, the academy started its services for the public for the first time.
It is an obscure company with a net worth of £27,000. An amount of £2m was donated by the company to the Conservative Party. The company donated this huge amount to become the largest donor in the run-up elections of 2010.
Apart from its huge goodwill, the company also faced certain controversies. These are as under:
- According to the list of the UN Human Rights Council, the company has also its hands in operating the illegal Israeli settlements. In 2020, an investigation was done by the British government to check whether JCB’s sale of equipment to Israel follows the guidelines of human rights that are set by the Organization for Economic Cooperation and Development. The complaint was filed by Lawyers for Palestinian Human Rights, a UK charity.
- In 2019, the company enjoyed a profit of £447 million. Even after it, the company received a loan of £600m from the UK government during the coronavirus pandemic in 2020. The company had its ultimate ownership in the Netherlands though it gets financial aid from the UK government.
IN POPULAR CULTURE
- In the “JCB” song of Nizlopi, a music group, JCB was featured. The song got the UK number one status.
- In Terry Pratchett’s volume 2 of The Bromeliad, a JCB named Jekub appeared.
- A scale of the JCB backhoe was featured in the range of Lego Technic. It had many original features like working hydraulics systems, etc.
- In 2017, 20 JCB machines were featured in a movie named, Alien: Covenant. To establish a new colony on another planet, JCB machines were used in that movie.
- JCB had a major sponsorship of the Williams F1 team for the 2018 season. In 2019, Racing Point F1 Team was also sponsored by JCB.