By Brazil Stock Guide – JCB, the UK-based construction equipment maker, said Monday (27) it plans to double the size of its operations in Brazil by 2030, leveraging industrial investments, new product launches and increased production capacity in Latin America’s largest economy.
The expansion strategy is backed by a 500 million reais ($X million) investment announced in 2024, with 360 million reais allocated to modernizing its Sorocaba plant in São Paulo state, a key hub supplying markets across Latin America.
“Our plan to double in size by 2030 is anchored in a strategy of continuous product launches and the expansion of our production capacity,” said Adriano Merigli, president of JCB Latin America.
The company’s recent performance underscores the growth trajectory. In the first two months of 2026, JCB posted a 13.8% increase in total product line sales compared with the same period a year earlier.
Sales of Loadall telescopic handlers surged 69.4% in the period, reinforcing JCB’s dominant position in the segment, where it holds roughly 80% market share in Brazil.
Agribusiness remains a key pillar of the company’s operations, accounting for between 15% and 20% of both global and local revenue. Demand from the sector has accelerated, particularly for heavy equipment.
According to Rafael Cardoso, JCB’s agribusiness commercial director for Latin America, excavator sales to the farming sector jumped 200% in the first two months of 2026 from a year earlier, reflecting robust demand for mechanization in Brazilian agriculture.
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