JCB announce record profits

They are selling more machines, making more money and employing more people than ever before. So how are JCB doing it?

Well, we might be suffering in the UK, and Euro nations are in trouble too, but some parts of the world are doing quite nicely.

JCB's heart is in Staffordshire - but their customers are the world, and the emerging economies in Brazil, Russia, India and China are growing.

They are building - and they need diggers. It's all adding up to a strong bottom line for JCB.

They have recorded the highest turnover in their 66 year history, and there is promise of more jobs to come.

So where are the big markets? You'd think China - but China's growth isn't as stratospheric as it was.

Thankfully for JCB, they don't have a massive presence there so they've not suffered from this Chinese slow down.

Today, JCB chairman Sir Anthony Bamford, said: “While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s on-going investment in its 22 global factories, coupled with the biggest product launch programme in our history, means we are well placed to seize new opportunities for growth and deliver another strong performance in 2012.