JCB invests €25m in Germany
JCB is to build a €25 million headquarters in Cologne, Germany to double the size of its existing facility. This represents the biggest single investment ever in its business as the company prepares to celebrate 50 years of trading in Germany.
Work on the new premises will begin later this year and the new HQ will open in 2015.
JCB chairman Lord Bamford said: "Germany is Europe's biggest single construction equipment market and the fifth largest in the world. JCB continues to make good progress in Germany with both construction and agricultural machinery sales.
"We have big ambitions to grow our business globally over the next few years and Germany will play an important role in delivering that growth. The time is now right to invest heavily in this vitally important market."
The new German HQ will cover more than 51,000 sq m.
