JCB set new records for turnover, machine sales and earnings in 2018
Global markets for construction equipment and agricultural machinery remained strong, the company announced today. JCB revealed that its sales turnover in 2018 rose by 22% to £4.1 billion (2017: £3.35 billion), while machine sales increased to 96,246 (2017: 75,693). Earnings on an EBITDA basis rose by 31% to £447 million (2017: £341 million). 2018 was a very strong year for JCB during which the global construction equipment market grew by 18% to an all-time high of one million machines. However, this growth has now stalled, with many markets softening this year, particularly the Middle East, Turkey, Latin America and India. Source
Pentin Paja Oy and NewFiro Oy are merging their operations
NewFiro Oy will become a subsidiary of Pentin Paja Oy. Managing Director of NewFiro Oy, Seppo Tanninen, has been appointed Managing Director of Pentin Paja Oy. Mikko and Janne Häikiö will continue as shareholders of Pentin Paja Oy and are responsible for sales, production and product development. The key objective of the implemented M&A is the comprehensive development of business operations. Source