Prime Minister opens new $100 million JCB factory in Brazil

Prime Minister David Cameron opened a new $100 million JCB factory in Brazil today Credit: Stefan Rousseau/PA Wire/Press Association Images

Prime Minister David Cameron opened a new $100 million JCB factory in Brazil today as the company, based in Staffordshire, strengthened its position in the Latin-American markets.

Mr Cameron, who is undertaking a trade mission to Brazil, spent an hour touring the plant which has 200 employees, he said this was an example of how British industries can capitalise on growth outside of the UK:

The $100 million factory, represents on of the single biggest investments in JCB's 67 year history.

Chairman Sir Anthony Bamford signalled why this is great news for the UK economy: