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'''JCB''' is a [[United Kingdom|British]] manufacturer of equipment for construction, agriculture, [[Global waste trade|waste handling]], and [[demolition]], based in [[Rocester]], England.<ref>https://find-and-update.company-information.service.gov.uk/company/00561597</ref> It |
'''JCB''' is a [[United Kingdom|British]] manufacturer of equipment for construction, agriculture, [[Global waste trade|waste handling]], and [[demolition]], based in [[Rocester]], England.<ref>https://find-and-update.company-information.service.gov.uk/company/00561597</ref> It was founded in 1945 and today produces a range of construction equipment across 22 factories spanning [[Asia]], [[Europe]], [[North America]], and [[South America]]. The word "[[wikt:JCB|JCB]]" is often used [[colloquial]]ly as a [[genericized trademark|generic description]] for mechanical diggers and excavators and now appears in the ''[[Oxford English Dictionary]]'', although it is still held as a trademark.<ref>{{cite news|url=https://www.theguardian.com/artanddesign/artblog/2007/apr/20/everydaydesignclassicsno16|title=Classics of everyday design No 16|access-date=27 September 2010|publisher=The Guardian<!--| date=20 April 2007-->|location=London|first=Jonathan|last=Glancey|date=20 April 2007}}</ref> |
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'''Joseph Cyril Bamford Excavators Ltd.''' was founded in 1945 by [[Joseph Bamford|Joseph Cyril Bamford]] and continues to be owned by the Bamford family. In the [[United Kingdom|UK]], [[India]], and [[Ireland]], the word "[[wikt:JCB|JCB]]" is often used [[colloquial]]ly as a [[genericized trademark|generic description]] for mechanical diggers and excavators and now appears in the ''[[Oxford English Dictionary]]'', although it is still held as a trademark.<ref>{{cite news|url=https://www.theguardian.com/artanddesign/artblog/2007/apr/20/everydaydesignclassicsno16|title=Classics of everyday design No 16|access-date=27 September 2010|publisher=The Guardian<!--| date=20 April 2007-->|location=London|first=Jonathan|last=Glancey|date=20 April 2007}}</ref> |
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==Ownership== |
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JCB is owned by JCB Research which has only two shares, both owned by Anthony Bamford. JCB Research is an unlimited company, which does not have to file public accounts. |
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A Reuters study of JCB group accounts found that between 2001 and 2013, the JCB group paid £577 million to JCB Research. |
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==History== |
==History== |
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'''Joseph Cyril Bamford Excavators Ltd.''' was founded by [[Joseph Cyril Bamford]] in October 1945 in [[Uttoxeter]], Staffordshire, England. He rented a lock-up garage {{convert|12|by|15|ft|abbr=on|order=flip}}. In it, using a welding set which he bought second-hand for £2-10s (= £2.50) from [[English Electric]], he made his first vehicle, a tipping trailer from war-surplus materials. The trailer's sides and floor were made from steel sheet that had been part of [[air raid shelter]]s. On the same day as his son Anthony was born, he sold the trailer at a nearby market for £45 (plus a part-exchanged farm [[cart]]) and at once made another trailer.{{citation needed|date=October 2016}} At one time he made vehicles in Eckersley's coal yard in Uttoxeter. The first trailer and the welding set have been preserved. |
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[[File:Aa jcbs first welder.jpg|thumb|upright|left|JCB's first welding set]] |
[[File:Aa jcbs first welder.jpg|thumb|upright|left|JCB's first welding set]] |
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By 1964, JCB had sold over 3,000 3C backhoe loaders. The next year, the first 360-degree excavator was introduced, the JCB 7.<ref>{{cite web|url=http://www.jcb.com |title=J C Bamford Excavators Ltd |publisher=Jcb.com |date=21 November 2013 |access-date=15 June 2016}}</ref> In 1978, the [[Telescopic handler|Loadall]] machine was introduced. The next year, JCB started its operation in [[India]]. In 1991, the firm entered a joint venture with [[Sumitomo]] of Japan to produce excavators, which ended in 1998.<ref>Diesel Progress, North American edition – October 1998</ref> Two years later, a JCB factory was completed in [[Pooler, Georgia|Pooler]] near [[Savannah, Georgia|Savannah]], [[Georgia (U.S. state)|Georgia]] in the US, and the next year a factory was opened in [[Brazil]]. |
By 1964, JCB had sold over 3,000 3C backhoe loaders. The next year, the first 360-degree excavator was introduced, the JCB 7.<ref>{{cite web|url=http://www.jcb.com |title=J C Bamford Excavators Ltd |publisher=Jcb.com |date=21 November 2013 |access-date=15 June 2016}}</ref> In 1978, the [[Telescopic handler|Loadall]] machine was introduced. The next year, JCB started its operation in [[India]]. In 1991, the firm entered a joint venture with [[Sumitomo]] of Japan to produce excavators, which ended in 1998.<ref>Diesel Progress, North American edition – October 1998</ref> Two years later, a JCB factory was completed in [[Pooler, Georgia|Pooler]] near [[Savannah, Georgia|Savannah]], [[Georgia (U.S. state)|Georgia]] in the US, and the next year a factory was opened in [[Brazil]]. |
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⚫ | In 2005, JCB bought a company, purchasing the German equipment firm [[JCB Vibromax|Vibromax]]. In the same year, the firm opened a new factory in [[Pudong]], China.{{citation needed}} Planning of a new £40 million pound JCB Heavy Products site began following the launch of an [[architectural design competition]] in 2007 managed by [[RIBA Competitions]],<ref>The Uttoxeter Sentinel</ref> and by the next year, the firm began to move from its old site in Pinfold Street in Uttoxeter to the new site beside the A50; the Pinfold Street site was demolished in 2009. During that year, JCB announced plans to make India its largest manufacturing hub. Its factory at [[Ballabgarh]] in Haryana, was to become the world's largest [[backhoe loader]] manufacturing facility.<ref>{{cite news|url=http://economictimes.indiatimes.com/articleshow/4356043.cms |title=Economic Times April 3, 2009 |work=The Economic Times |date=3 April 2009 |access-date=15 September 2009}}</ref> JCB shed 2,000 jobs during the [[2008 global financial crisis]]; in 2010 it rehired up to 200 new workers.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/england/8621174.stm|title=Staffordshire-based JCB creates hundreds of new jobs |publisher=BBC |date=14 April 2010 |access-date=29 April 2010}}</ref> |
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===Violation of EU anti-trust law=== |
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In December 2000, JCB was fined €39.6m by the [[European Commission]] for violating [[European Union]] [[European Union competition law|antitrust law]].<ref>{{cite web |last1=European Commission |title=Commission fines JCB for unlawful distribution agreements and practices |url=http://europa.eu/rapid/press-release_IP-00-1526_en.htm?locale=en |website=Europa.eu |access-date=29 June 2018}}</ref> The fine related to restrictions on sales outside allotted territories, purchases between authorised distributors, bonuses and fees which restricted out of territory sales, and occasional joint fixing of resale prices and discounts across different territories.<ref>{{cite news |title=JCB hit by £22m competition fine |url=https://www.theguardian.com/business/2000/dec/22/6 |access-date=29 June 2018 |work=The Guardian |date=22 December 2000}}</ref> JCB appealed the decision, with the [[General Court (European Union)|European Court of First Instance]] upholding portions of the appeal and reducing the original fine by 25%. JCB appealed to the [[European Court of Justice]] but this final appeal was rejected in 2006,<ref>{{cite news |title=End of the line for JCB's six-year fight against £21m EU fine |url=https://www.birminghampost.co.uk/business/end-line-jcbs-six-year-fight-3977960 |access-date=29 June 2018 |work=Birmingham Post |date=22 September 2006}}</ref> with the court slightly increasing the reduced fine by €864,000.<ref>{{cite web |title=JCB appeal leads to increased fine |url=http://www.vertikal.net/en/news/story/3045/ |website=Vertikal.net |access-date=29 June 2018}}</ref> |
In December 2000, JCB was fined €39.6m by the [[European Commission]] for violating [[European Union]] [[European Union competition law|antitrust law]].<ref>{{cite web |last1=European Commission |title=Commission fines JCB for unlawful distribution agreements and practices |url=http://europa.eu/rapid/press-release_IP-00-1526_en.htm?locale=en |website=Europa.eu |access-date=29 June 2018}}</ref> The fine related to restrictions on sales outside allotted territories, purchases between authorised distributors, bonuses and fees which restricted out of territory sales, and occasional joint fixing of resale prices and discounts across different territories.<ref>{{cite news |title=JCB hit by £22m competition fine |url=https://www.theguardian.com/business/2000/dec/22/6 |access-date=29 June 2018 |work=The Guardian |date=22 December 2000}}</ref> JCB appealed the decision, with the [[General Court (European Union)|European Court of First Instance]] upholding portions of the appeal and reducing the original fine by 25%. JCB appealed to the [[European Court of Justice]] but this final appeal was rejected in 2006,<ref>{{cite news |title=End of the line for JCB's six-year fight against £21m EU fine |url=https://www.birminghampost.co.uk/business/end-line-jcbs-six-year-fight-3977960 |access-date=29 June 2018 |work=Birmingham Post |date=22 September 2006}}</ref> with the court slightly increasing the reduced fine by €864,000.<ref>{{cite web |title=JCB appeal leads to increased fine |url=http://www.vertikal.net/en/news/story/3045/ |website=Vertikal.net |access-date=29 June 2018}}</ref> |
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⚫ | In 2005, JCB bought a company, purchasing the German equipment firm [[JCB Vibromax|Vibromax]]. In the same year, the firm opened a new factory in [[Pudong]], China.{{citation needed}} Planning of a new £40 million pound JCB Heavy Products site began following the launch of an [[architectural design competition]] in 2007 managed by [[RIBA Competitions]],<ref>The Uttoxeter Sentinel</ref> and by the next year, the firm began to move from its old site in Pinfold Street in Uttoxeter to the new site beside the A50; the Pinfold Street site was demolished in 2009. During that year, JCB announced plans to make India its largest manufacturing hub. Its factory at [[Ballabgarh]] in Haryana, was to become the world's largest [[backhoe loader]] manufacturing facility.<ref>{{cite news|url=http://economictimes.indiatimes.com/articleshow/4356043.cms |title=Economic Times April 3, 2009 |work=The Economic Times |date=3 April 2009 |access-date=15 September 2009}}</ref> JCB shed 2,000 jobs during the [[2008 global financial crisis]]; in 2010 it rehired up to 200 new workers.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/england/8621174.stm|title=Staffordshire-based JCB creates hundreds of new jobs |publisher=BBC |date=14 April 2010 |access-date=29 April 2010}}</ref> |
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⚫ | In 2017, a Reuters study of JCB group accounts found that between 2001 and 2013, the JCB group paid £577 million to JCB Research, an unlimited company that does not have to file public accounts and which has only two shares, both owned by Anthony Bamford. JCB Service, the main JCB holding company, is owned by a Dutch parent company, ‘Transmissions and engineering Netherlands BV’, which is ultimately controlled by “Bamford family interests”.<ref>{{Cite web|date=17 September 2017|title=JCB pays bumper £75m dividend to Bamford owners|url=https://www.ft.com/content/547fa5dc-d962-11e9-8f9b-77216ebe1f17|access-date=22 October 2020|website=Financial Times}}</ref><ref>{{Cite news|last=Bergin|first=Tom|date=25 March 2015|title=Special Report - Top UK industrialist channelled millions through obscure company|language=en|work=Reuters|url=https://uk.reuters.com/article/uk-britain-politics-jcb-specialreport-idUKKBN0ML0Z820150325|access-date=22 October 2020}}</ref> According to Ethical Consumer, JCB has six subsidiaries in jurisdictions considered to be [[tax havens]], in [[Singapore]], the [[Netherlands]], [[Hong Kong]], [[Delaware]] and [[Switzerland]].<ref>{{Cite web|date=6 August 2020|title=Ethical Consumer researches JCB in support of Palestine Action launch|url=https://www.ethicalconsumer.org/technology/ethical-consumer-researches-jcb-support-palestine-action-launch|access-date=22 October 2020|website=Ethical Consumer|language=en}}</ref> |
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⚫ | On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of all business enterprises involved in certain specified activities related to the [[Israeli settlement|Israeli settlements]] in the [[Palestinian territories|Occupied Palestinian Territories]], including [[East Jerusalem]], and in the occupied [[Golan Heights]].<ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref><ref name=unlist_reliefweb>{{cite news |date=14 February 2020 | title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71) | url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities |work=[[ReliefWeb]] | access-date=5 July 2021}}</ref> JCB has been listed on the database in light of its involvement in activities related to "the supply of equipment and materials facilitating the construction and the expansion of settlements and the [[Israeli West Bank barrier|wall]], and associated infrastructures".<ref name=unlist_bbc>{{cite news |date=12 February 2020 | title=UN lists 112 businesses linked to Israeli settlements | url=https://www.bbc.co.uk/news/world-middle-east-51477231 |work=[[BBC]] | access-date=5 July 2021}}</ref><ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref><ref name=unlist_reliefweb>{{cite news |date=14 February 2020 | title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71) | url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities |work=[[ReliefWeb]] | access-date=5 July 2021}}</ref> The [[International Community|international community]] considers Israeli settlements built on [[Israeli-occupied territories|land occupied by Israel]] to be [[International law and Israeli settlements|in violation of international law]].<ref name=unsc2334>{{cite news |date=23 December 2016 | title=S/RES/2334(2016) | url=https://undocs.org/S/RES/2334(2016) |work=[[United Nations Security Council]] | access-date=5 July 2021}}</ref><ref name=icj_settlements>{{cite news |date=9 July 2004 | title=Legal Consequences of the Construction of a Wall in the Occupied Palestinian Territory | url=https://www.icj-cij.org/public/files/case-related/131/131-20040709-ADV-01-00-EN.pdf |work=[[International Court of Justice]] | access-date=5 July 2021}}</ref><ref name=icc_settlements>{{cite news |date=5 December 2001 | title=Conference of High Contracting Parties to the Fourth Geneva Convention | url=https://www.icrc.org/en/doc/resources/documents/statement/57jrgw.htm |work=[[International Committee of the Red Cross]] | access-date=5 July 2021}}</ref> |
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⚫ | In October 2020, the British government decided to investigate a complaint that JCB’s sale of equipment to Israel did not comply with the human rights guidelines set by the [[OECD|Organisation for Economic Co-operation and Development]]. The UK National Contact Point (NCP), part of the UK’s Department of International Trade, agreed to review a complaint against JCB submitted by a charity, Lawyers for Palestinian Human Rights. JCB said it had no “legal ownership” of its machinery once sold to Comasco, its sole distributor of JCB equipment in Israel.<ref>{{Cite news|last=editor|first=Patrick Wintour Diplomatic|date=13 October 2020|title=JCB challenged over machinery used to demolish Palestinian homes|language=en-GB|work=The Guardian|url=https://www.theguardian.com/business/2020/oct/12/jcb-challenged-over-machinery-used-to-demolish-palestinian-homes|access-date=22 October 2020|issn=0261-3077}}</ref> |
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⚫ | In 2020, JCB received a £600m loan in emergency financial aid from the UK government, during the coronavirus pandemic, despite its ultimate ownership being in the Netherlands and having reported a record £447 million profit the previous year. Its chief executive Graeme Macdonald said: “Although not a public company, we are eligible for CCF because of our contribution to the UK economy. We don’t expect to utilise it in the short-term but it gives us an insurance policy if there is further disruption from or second spike or other impact around the world.”<ref>{{Cite news|last=Tovey|first=Alan|date=3 June 2020|title=JCB gets £600m government loan as 'insurance policy'|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/business/2020/06/03/jcb-gets-600m-government-loan-insurance-policy/|access-date=22 October 2020|issn=0307-1235}}</ref><ref>{{Cite web|last=Williams|first=Ollie|title=Bank Of England Spends Billions Bailing Out Europe's Richest Families|url=https://www.forbes.com/sites/oliverwilliams1/2020/06/05/bank-of-england-spends-billions-bailing-out-europes-richest-families/|access-date=22 October 2020|website=Forbes|language=en}}</ref> |
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⚫ | The company was a member of the [[Confederation of British Industry|CBI]] business lobby group until October 2016, when it was reported that JCB had left the CBI in the summer of 2016 following the Brexit vote due to the organisations anti-Brexit stand.<ref name="Telegraph-10Oct2016">{{cite news|last1=Chan|first1=Szu Ping|title=Manufacturing giant JCB ends CBI membership over anti-Brexit stance|url=https://www.telegraph.co.uk/business/2016/10/10/manufacturing-giant-jcb-ends-cbi-membership-over-anti-brexit-sta/|access-date=25 August 2017|work=The Daily Telegraph|date=10 October 2016}}</ref> In May 2021 he rejected an invitation to rejoin CBI, after previously having called it a "waste of time" that "didn’t represent my business or private companies".<ref>{{Cite news|last=Millard|first=Rachel|date=15 May 2021|title=JCB chief rejects invitation to rejoin CBI after Brexit row.|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/business/2021/05/15/jcb-chief-rejects-invitation-rejoin-cbi-brexit-row/|access-date=26 May 2021|issn=0307-1235}}</ref><ref>{{Cite news|last=Burton|first=Lucy|date=10 May 2021|title=New CBI boss tells Brexiters to rejoin business lobby group.|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/business/2021/05/10/new-cbi-boss-tells-brexiters-rejoin-business-lobby-group/|access-date=26 May 2021|issn=0307-1235}}</ref> |
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JCB chairman [[Anthony Bamford]] donated £100,000 to [[Vote Leave]], the official pro-Brexit group.<ref name="Telegraph-10Oct2016" /> JCB has also been a significant donor to the UK [[Conservative Party (UK)|Conservative Party]]; since 2007 JCB and related Bamford entities have given the party £8.1m in cash or kind.<ref name="TCI-25Aug2017">{{cite news|title=Tories boosted by construction donations|url=http://www.theconstructionindex.co.uk/news/view/tories-buouyed-by-construction-donations|access-date=25 August 2017|work=The Construction Index|date=25 August 2017}}</ref> |
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==Worldwide operations== |
==Worldwide operations== |
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JCB Research is described as an obscure company worth £27,000 which donated £2m to the [[Conservative Party (UK)|Conservative Party]], making it the largest donor in the run up to the 2010 election. Ownership of the company which has never filed accounts is disputed by the Bamford brothers. According to ''The Guardian'', much of the Bamford money was held in shares in offshore trusts.<ref>{{cite news|url=https://www.theguardian.com/politics/2010/nov/14/bamford-court-feud-tory-funding|title=Feud between Bamford brothers threatens to cast light on funding for Tories |author=Jamie Doward|work=Guardian newspapers|date=14 November 2010|access-date=9 March 2015}}</ref> |
JCB Research is described as an obscure company worth £27,000 which donated £2m to the [[Conservative Party (UK)|Conservative Party]], making it the largest donor in the run up to the 2010 election. Ownership of the company which has never filed accounts is disputed by the Bamford brothers. According to ''The Guardian'', much of the Bamford money was held in shares in offshore trusts.<ref>{{cite news|url=https://www.theguardian.com/politics/2010/nov/14/bamford-court-feud-tory-funding|title=Feud between Bamford brothers threatens to cast light on funding for Tories |author=Jamie Doward|work=Guardian newspapers|date=14 November 2010|access-date=9 March 2015}}</ref> |
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⚫ | On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of all business enterprises involved in certain specified activities related to the [[Israeli settlement|Israeli settlements]] in the [[Palestinian territories|Occupied Palestinian Territories]], including [[East Jerusalem]], and in the occupied [[Golan Heights]].<ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref><ref name=unlist_reliefweb>{{cite news |date=14 February 2020 | title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71) | url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities |work=[[ReliefWeb]] | access-date=5 July 2021}}</ref> JCB has been listed on the database in light of its involvement in activities related to "the supply of equipment and materials facilitating the construction and the expansion of settlements and the [[Israeli West Bank barrier|wall]], and associated infrastructures".<ref name=unlist_bbc>{{cite news |date=12 February 2020 | title=UN lists 112 businesses linked to Israeli settlements | url=https://www.bbc.co.uk/news/world-middle-east-51477231 |work=[[BBC]] | access-date=5 July 2021}}</ref><ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref><ref name=unlist_reliefweb>{{cite news |date=14 February 2020 | title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71) | url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities |work=[[ReliefWeb]] | access-date=5 July 2021}}</ref> The [[International Community|international community]] considers Israeli settlements built on [[Israeli-occupied territories|land occupied by Israel]] to be [[International law and Israeli settlements|in violation of international law]].<ref name=unsc2334>{{cite news |date=23 December 2016 | title=S/RES/2334(2016) | url=https://undocs.org/S/RES/2334(2016) |work=[[United Nations Security Council]] | access-date=5 July 2021}}</ref><ref name=icj_settlements>{{cite news |date=9 July 2004 | title=Legal Consequences of the Construction of a Wall in the Occupied Palestinian Territory | url=https://www.icj-cij.org/public/files/case-related/131/131-20040709-ADV-01-00-EN.pdf |work=[[International Court of Justice]] | access-date=5 July 2021}}</ref><ref name=icc_settlements>{{cite news |date=5 December 2001 | title=Conference of High Contracting Parties to the Fourth Geneva Convention | url=https://www.icrc.org/en/doc/resources/documents/statement/57jrgw.htm |work=[[International Committee of the Red Cross]] | access-date=5 July 2021}}</ref> |
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===Sales to Israel=== |
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⚫ | In 2020 the British government decided to investigate a complaint that JCB’s sale of equipment to Israel did not comply with the human rights guidelines set by the [[OECD|Organisation for Economic Co-operation and Development]]. The |
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⚫ | In 2020, JCB received a £600m loan in emergency financial aid from the UK government, during the coronavirus pandemic, despite its ultimate ownership being in the Netherlands and having reported a record £447 million profit the previous year. Its chief executive Graeme Macdonald said: “Although not a public company, we are eligible for CCF because of our contribution to the UK economy. We don’t expect to utilise it in the short-term but it gives us an insurance policy if there is further disruption from or second spike or other impact around the world.”<ref>{{Cite news|last=Tovey|first=Alan|date=3 June 2020|title=JCB gets £600m government loan as 'insurance policy'|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/business/2020/06/03/jcb-gets-600m-government-loan-insurance-policy/|access-date=22 October 2020|issn=0307-1235}}</ref><ref>{{Cite web|last=Williams|first=Ollie|title=Bank Of England Spends Billions Bailing Out Europe's Richest Families|url=https://www.forbes.com/sites/oliverwilliams1/2020/06/05/bank-of-england-spends-billions-bailing-out-europes-richest-families/|access-date=22 October 2020|website=Forbes|language=en}}</ref> |
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{{see also|tax avoidance}} |
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According to Ethical Consumer, JCB has six subsidiaries in jurisdictions considered to be [[tax havens]], in [[Singapore]], the [[Netherlands]], [[Hong Kong]], [[Delaware]] and [[Switzerland]].<ref>{{Cite web|date=6 August 2020|title=Ethical Consumer researches JCB in support of Palestine Action launch|url=https://www.ethicalconsumer.org/technology/ethical-consumer-researches-jcb-support-palestine-action-launch|access-date=22 October 2020|website=Ethical Consumer|language=en}}</ref> |
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==In popular culture== |
==In popular culture== |
Revision as of 13:40, 12 September 2021
File:JCB (company) logo.svg | |
Company type | Private company |
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Industry | Heavy equipment |
Founded | 1945 |
Founder | Joseph Cyril Bamford |
Headquarters | Rocester, England, UK |
Key people | Anthony Bamford (Chairman) Graeme Macdonald (Chief Executive) |
Products | Construction, agriculture, waste handling and demolition machinery |
Revenue | £4.1 billion (2019)[1] |
£341 million | |
Number of employees | Approximately 11,000[2] |
Website | www |
JCB is a British manufacturer of equipment for construction, agriculture, waste handling, and demolition, based in Rocester, England.[3] It was founded in 1945 and today produces a range of construction equipment across 22 factories spanning Asia, Europe, North America, and South America. The word "JCB" is often used colloquially as a generic description for mechanical diggers and excavators and now appears in the Oxford English Dictionary, although it is still held as a trademark.[4]
History
Joseph Cyril Bamford Excavators Ltd. was founded by Joseph Cyril Bamford in October 1945 in Uttoxeter, Staffordshire, England. He rented a lock-up garage 3.7 by 4.6 m (12 by 15 ft). In it, using a welding set which he bought second-hand for £2-10s (= £2.50) from English Electric, he made his first vehicle, a tipping trailer from war-surplus materials. The trailer's sides and floor were made from steel sheet that had been part of air raid shelters. On the same day as his son Anthony was born, he sold the trailer at a nearby market for £45 (plus a part-exchanged farm cart) and at once made another trailer.[citation needed] At one time he made vehicles in Eckersley's coal yard in Uttoxeter. The first trailer and the welding set have been preserved.
In 1948, six people were working for the company, and it made the first hydraulic tipping trailer in Europe. In 1950, it moved to an old cheese factory in Rocester, still employing six. A year later, he began painting his products yellow. In 1953, his first backhoe loader was launched, and the JCB logo appeared for the first time. It was designed by Derby Media and advertising designer Leslie Smith. In 1957, the firm launched the "hydra-digga", incorporating the excavator and the major loader as a single all-purpose tool useful for the agricultural and construction industries.[5]
By 1964, JCB had sold over 3,000 3C backhoe loaders. The next year, the first 360-degree excavator was introduced, the JCB 7.[6] In 1978, the Loadall machine was introduced. The next year, JCB started its operation in India. In 1991, the firm entered a joint venture with Sumitomo of Japan to produce excavators, which ended in 1998.[7] Two years later, a JCB factory was completed in Pooler near Savannah, Georgia in the US, and the next year a factory was opened in Brazil.
In 2005, JCB bought a company, purchasing the German equipment firm Vibromax. In the same year, the firm opened a new factory in Pudong, China.[citation needed] Planning of a new £40 million pound JCB Heavy Products site began following the launch of an architectural design competition in 2007 managed by RIBA Competitions,[8] and by the next year, the firm began to move from its old site in Pinfold Street in Uttoxeter to the new site beside the A50; the Pinfold Street site was demolished in 2009. During that year, JCB announced plans to make India its largest manufacturing hub. Its factory at Ballabgarh in Haryana, was to become the world's largest backhoe loader manufacturing facility.[9] JCB shed 2,000 jobs during the 2008 global financial crisis; in 2010 it rehired up to 200 new workers.[10]
Controversies and Criticism
Violation of EU anti-trust law
In December 2000, JCB was fined €39.6m by the European Commission for violating European Union antitrust law.[11] The fine related to restrictions on sales outside allotted territories, purchases between authorised distributors, bonuses and fees which restricted out of territory sales, and occasional joint fixing of resale prices and discounts across different territories.[12] JCB appealed the decision, with the European Court of First Instance upholding portions of the appeal and reducing the original fine by 25%. JCB appealed to the European Court of Justice but this final appeal was rejected in 2006,[13] with the court slightly increasing the reduced fine by €864,000.[14]
Tax Avoidance
In 2017, a Reuters study of JCB group accounts found that between 2001 and 2013, the JCB group paid £577 million to JCB Research, an unlimited company that does not have to file public accounts and which has only two shares, both owned by Anthony Bamford. JCB Service, the main JCB holding company, is owned by a Dutch parent company, ‘Transmissions and engineering Netherlands BV’, which is ultimately controlled by “Bamford family interests”.[15][16] According to Ethical Consumer, JCB has six subsidiaries in jurisdictions considered to be tax havens, in Singapore, the Netherlands, Hong Kong, Delaware and Switzerland.[17]
Involvement in Israeli settlements
On 12 February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to the Israeli settlements in the Occupied Palestinian Territories, including East Jerusalem, and in the occupied Golan Heights.[18][19] JCB has been listed on the database in light of its involvement in activities related to "the supply of equipment and materials facilitating the construction and the expansion of settlements and the wall, and associated infrastructures".[20][18][19] The international community considers Israeli settlements built on land occupied by Israel to be in violation of international law.[21][22][23]
In October 2020, the British government decided to investigate a complaint that JCB’s sale of equipment to Israel did not comply with the human rights guidelines set by the Organisation for Economic Co-operation and Development. The UK National Contact Point (NCP), part of the UK’s Department of International Trade, agreed to review a complaint against JCB submitted by a charity, Lawyers for Palestinian Human Rights. JCB said it had no “legal ownership” of its machinery once sold to Comasco, its sole distributor of JCB equipment in Israel.[24]
Bailout loan
In 2020, JCB received a £600m loan in emergency financial aid from the UK government, during the coronavirus pandemic, despite its ultimate ownership being in the Netherlands and having reported a record £447 million profit the previous year. Its chief executive Graeme Macdonald said: “Although not a public company, we are eligible for CCF because of our contribution to the UK economy. We don’t expect to utilise it in the short-term but it gives us an insurance policy if there is further disruption from or second spike or other impact around the world.”[25][26]
Brexit
The company was a member of the CBI business lobby group until October 2016, when it was reported that JCB had left the CBI in the summer of 2016 following the Brexit vote due to the organisations anti-Brexit stand.[27] In May 2021 he rejected an invitation to rejoin CBI, after previously having called it a "waste of time" that "didn’t represent my business or private companies".[28][29]
JCB chairman Anthony Bamford donated £100,000 to Vote Leave, the official pro-Brexit group.[27] JCB has also been a significant donor to the UK Conservative Party; since 2007 JCB and related Bamford entities have given the party £8.1m in cash or kind.[30]
Worldwide operations
JCB has 22 factories in the UK, Germany, North America, Brazil, Australia, India and China.[31][32] The company employs some 12,000 people on four continents and sells its products in 150 countries through 1,500 dealer depot locations. The company has a range of more than 300 products.[33]
JCB is headquartered in Rocester which is also the production site for backhoe loaders and telescopic 'Loadall' handlers. It has a further three production plants in nearby Cheadle, Staffordshire (JCB Earthmovers, JCB Landpower and JCB Compact Products), one in Rugeley (JCB Cab Systems), three in Uttoxeter (JCB Attachments, JCB Heavy Products and JCB World Parts Centre), one in Foston, Derbyshire (JCB Power Systems) and one in Wrexham in North Wales (JCB Drivetrain Systems). In July 2013 the company opened a dedicated logistics hub in Newcastle-under-Lyme.[34] This facility is the central hub for component distribution to production facilities, as distinct from the World Parts Centre in Uttoxeter which distributes spare parts to dealers and customers.
In December 2013 it was announced that the Rugeley Cab Systems plant would move to a new facility in Uttoxeter which would allow the in-sourcing of cab assembly currently contracted to third parties. This investment is to be accompanied by the expansion of the Rocester and Cheadle production sites by 2018.[35]
Its Indian factories are based in Faridabad, Haryana; Jaipur, Rajasthan[36]and Pune, Maharashtra, its US factory is in Pooler, Georgia, its Brazilian factory in Sorocaba, São Paulo, and its Chinese factory was completed in 2005 in Pudong near Shanghai. JCB also owns Vibromax, a German compaction equipment company based in Gatersleben.
JCB has also licensed its name and image to a line of consumer power tools, manufactured by Alba.
The products are sold through franchised dealerships, many of which are often exclusive and cover whole countries.[37]
JCB dominates the Indian construction equipment market with every three out of every four construction equipment sold in India being a JCB. JCB India's revenue rose more than twelve times to $1 billion in 2012–13 from $75 million in 2001. The Indian operations of the UK company account for 17.5% of its total revenue.[38]
Products
Many of the vehicles produced by JCB are variants of the backhoe loader, including tracked or wheeled variants, mini and large versions and other variations for carrying and moving items, for example forklift vehicles and telescopic handlers for moving materials to the upper floors of a building site. Wheeled loading shovels and articulated dump trucks are also produced.
Excavators
JCB now has its X Series, an updated version of the J series Tracked 360° excavators ranging from the JZ70 (7-tonne zero tail swing excavator) to the JS460 (46-tonne tracked excavator). In 2008 at Con expo JCB revealed a new top range JS520 which included the new style paint job with rams painted black.
Wheeled 360° excavators ranging from the JS130W to the JS200W.
Machines can be produced with either monoboom or a triple-articulated boom
In July 2020 the company's electric digger (19C-1E) was the winner of the MacRobert Award, the most prestigious prize for UK engineering innovation.[39]
Wheeled loaders
Industrial and agricultural wheeled loaders from compact 6-tonne hydrostatic machines to larger 25-tonne quarrying machines using a mix of 4- and 6-cylinder diesel engines.
Tractors
JCB has also made its name in the tractor world by producing one of the first such machines that features proper suspension and is capable of travelling at speed on roads. The JCB Fastrac entered production in 1990. Prior to this design, the suspension was difficult because of the fixed-height connections required to farm machinery, and tractors were notoriously slow on the roads. Dependent on the model, the Fastrac can travel at 50 km/h, 65 km/h or 75 km/h (40 mph). At launch the Fastrac was featured on the BBC television programme Tomorrow's World, and years later as Jeremy Clarkson's tractor of choice in Top Gear. From 2006 the company also produces a range of compact tractors designed for grounds-care, horticultural, and light agricultural duties.
Military vehicles
JCB also makes a range of military vehicles, which also concentrate on load-handling and excavation.[40] These include the JCB HMEE.
JCB Dieselmax
In April 2006, JCB announced that they were developing a diesel-powered land speed record vehicle known as the 'JCB Dieselmax'. The car is powered by two modified JCB 444 diesel power plants using a two-stage turbocharger to generate 750 bhp, one engine driving the front wheels and the other the rear wheels.
On 22 August 2006 the Dieselmax, driven by Andy Green, broke the diesel engine land speed record, attaining a speed of 328.767 miles per hour (529.099 km/h). The following day, the record was again broken, this time with a speed of 350.092 miles per hour (563.418 km/h).
JCB Vibromax
JCB acquired the German company Vibromax, which manufactures compaction equipment.
JCB Phones
JCB licenses its brand for a series of rugged feature phones and smartphones targeted at construction personnel. The design and marketing contract was awarded to Data Select in 2010.[41]
Toys
The company also promotes constructive play for children of all ages and has launched a website dedicated to encouraging outdoor activities for children and their parents.[42]
Marketing
Logo
The JCB logo dates from 1953; from 1960 the company typewriters were given an extra key to render it accurately.[citation needed]
Display team
To demonstrate his faith in the hydraulic fail safes on JCB machines (which lock the arms in the event of a loss of hydraulic pressure, preventing them from crashing to the ground), Joe Cyril Bamford arranged to have several backhoes raise themselves up on their arms, and drove his car beneath them.[citation needed]
This has since developed into a world-famous demonstration of the versatility of the backhoe configuration. The JCB display team (JCB Dancing Diggers) tour agricultural shows and produce videos, showing some of the unusual ways in which such vehicles can support themselves or manoeuvre. For example, it is quite common for drivers to support the vehicle on both buckets, either for turning on the spot without damaging ground, or for spinning the tracks in a puddle to clean them. The display team expanded this concept into a sort of vehicle gymnastics. The drivers are members of JCB's demonstration team, who visit prospective customers and demonstrate machines on the customer's property.[citation needed]
Trends
JCB became famous in India named as 'JCB ki Khudai (JCB digging)' thanks to memes about its digging activities.[43]
JCB Insurance Services Ltd
JCB Insurance Services was founded in 1984 by JCB chairman Sir Anthony Bamford as a fully owned subsidiary to provide for the insurance needs of the customers purchasing the firm's equipment, with the funding they obtained from another fully owned subsidiary, JCB Finance. The insurance subsidiary provides all-risks policies, with optional additions for road risks coverage, and for public liability and employers liability.[44][45]
JCB Academy
JCB is the sponsor of JCB Academy, a secondary school in Rocester which had its first intake of pupils in September 2010.[46]
JCB Research
JCB Research is described as an obscure company worth £27,000 which donated £2m to the Conservative Party, making it the largest donor in the run up to the 2010 election. Ownership of the company which has never filed accounts is disputed by the Bamford brothers. According to The Guardian, much of the Bamford money was held in shares in offshore trusts.[47]
In popular culture
- JCB is prominently featured in the song "JCB" by music group Nizlopi, which achieved UK number one status. The song is about a boy who goes to work with his father for the day.
- A JCB (not talking) named Jekub appears in volume 2 (Diggers) of The Bromeliad (alias Nomes) series by Terry Pratchett.
- The Lego Technic range featured a scale-model of the JCB backhoe (Set 8862), complete with working hydraulics systems (simulated using pneumatics) and many other features of the original.
- The 2017 movie Alien: Covenant featured 20 JCB machines in a spacecraft's "terraforming bay" to be used on a mission to establish a new colony on another planet.[48]
- JCB was a major sponsor of the Williams F1 Formula 1 team, with its logo prominent on the F1 cars and hospitality for 2018 season. In 2019 it became a sponsor of Racing Point F1 Team (now Aston Martin F1 Team).
See also
References
- ^ "PRE-TAX PROFITS JUMP £100M AT JCB". Insider Media. 17 September 2019. Retrieved 9 February 2021.
- ^ "Company Information". J C Bamford Excavators Limited. Archived from the original on 10 August 2011. Retrieved 27 September 2010.
- ^ https://find-and-update.company-information.service.gov.uk/company/00561597
- ^ Glancey, Jonathan (20 April 2007). "Classics of everyday design No 16". London: The Guardian. Retrieved 27 September 2010.
- ^ Phillips, David (5 March 2001). "Obituary: Joseph Bamford". The Guardian. London. Retrieved 15 September 2009.
- ^ "J C Bamford Excavators Ltd". Jcb.com. 21 November 2013. Retrieved 15 June 2016.
- ^ Diesel Progress, North American edition – October 1998
- ^ The Uttoxeter Sentinel
- ^ "Economic Times April 3, 2009". The Economic Times. 3 April 2009. Retrieved 15 September 2009.
- ^ "Staffordshire-based JCB creates hundreds of new jobs". BBC. 14 April 2010. Retrieved 29 April 2010.
- ^ European Commission. "Commission fines JCB for unlawful distribution agreements and practices". Europa.eu. Retrieved 29 June 2018.
- ^ "JCB hit by £22m competition fine". The Guardian. 22 December 2000. Retrieved 29 June 2018.
- ^ "End of the line for JCB's six-year fight against £21m EU fine". Birmingham Post. 22 September 2006. Retrieved 29 June 2018.
- ^ "JCB appeal leads to increased fine". Vertikal.net. Retrieved 29 June 2018.
- ^ "JCB pays bumper £75m dividend to Bamford owners". Financial Times. 17 September 2017. Retrieved 22 October 2020.
- ^ Bergin, Tom (25 March 2015). "Special Report - Top UK industrialist channelled millions through obscure company". Reuters. Retrieved 22 October 2020.
- ^ "Ethical Consumer researches JCB in support of Palestine Action launch". Ethical Consumer. 6 August 2020. Retrieved 22 October 2020.
- ^ a b "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
- ^ a b "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". ReliefWeb. 14 February 2020. Retrieved 5 July 2021.
- ^ "UN lists 112 businesses linked to Israeli settlements". BBC. 12 February 2020. Retrieved 5 July 2021.
- ^ "S/RES/2334(2016)". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.
- ^ "Legal Consequences of the Construction of a Wall in the Occupied Palestinian Territory" (PDF). International Court of Justice. 9 July 2004. Retrieved 5 July 2021.
- ^ "Conference of High Contracting Parties to the Fourth Geneva Convention". International Committee of the Red Cross. 5 December 2001. Retrieved 5 July 2021.
- ^ editor, Patrick Wintour Diplomatic (13 October 2020). "JCB challenged over machinery used to demolish Palestinian homes". The Guardian. ISSN 0261-3077. Retrieved 22 October 2020.
{{cite news}}
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- ^ Williams, Ollie. "Bank Of England Spends Billions Bailing Out Europe's Richest Families". Forbes. Retrieved 22 October 2020.
- ^ a b Chan, Szu Ping (10 October 2016). "Manufacturing giant JCB ends CBI membership over anti-Brexit stance". The Daily Telegraph. Retrieved 25 August 2017.
- ^ Millard, Rachel (15 May 2021). "JCB chief rejects invitation to rejoin CBI after Brexit row". The Telegraph. ISSN 0307-1235. Retrieved 26 May 2021.
- ^ Burton, Lucy (10 May 2021). "New CBI boss tells Brexiters to rejoin business lobby group". The Telegraph. ISSN 0307-1235. Retrieved 26 May 2021.
- ^ "Tories boosted by construction donations". The Construction Index. 25 August 2017. Retrieved 25 August 2017.
- ^ https://www.jcb.com/en-au/construction
- ^ Cite error: The named reference
manufacturing
was invoked but never defined (see the help page). - ^ "Company Information". JCB. Retrieved 31 January 2011.
- ^ "Press Release". JCB. Retrieved 9 December 2013.
- ^ "Press Release". JCB. Retrieved 9 December 2013.
- ^ "JCB India to set up Rs 500 cr facility at Mahindra World City". Business Line. Retrieved 9 December 2013.
- ^ Construction and Agricultural Equipment. Generators. – MTA Angola's JCB Exclusive Dealer – Construction ¦ Agriculture ¦ Generators
- ^ "JCB perfects the art of manufacturing in India". Livemint. 25 September 2014. Retrieved 15 June 2016.
- ^ "The winner of the 2020 MacRobert Award: JCB". Retrieved 23 July 2020.
- ^ "BATTLESPACE – In this issue". Retrieved 5 January 2011.
- ^ Garwood, Michael. "Data Select set to lose JCB exclusive?". Mobile News. Retrieved 27 July 2013.
- ^ "Constructive Play: What is it and why is it important?".
- ^ https://web.archive.org/web/20190601074805/http://www.everlastingcelebrations.com/wtf/top-best-jcb-memes-jokes-why-everyone-is-making-meme-on-jcb-what-jcb-ki-khudai/
- ^ "JCB Insurance improves Plantmaster policy". Theconstructionindex.co.uk. 19 September 2012. Retrieved 15 June 2016.
- ^ "JCB launches insurance website". Vertikal.net. 16 January 2012. Retrieved 15 June 2016.
- ^ JCB Academy website
- ^ Jamie Doward (14 November 2010). "Feud between Bamford brothers threatens to cast light on funding for Tories". Guardian newspapers. Retrieved 9 March 2015.
- ^ "JCB Machines Featured in New Film 'Alien: Covenant'".