How JCB Went From A Small Local Company To A Billion Dollar Business
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- Опубликовано: 10 сен 2024
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How JCB Went From A Small Local Company To A Billion Dollar Business
From humble beginnings in a garage in Uttoxeter in 1945, JCB has grown into a global giant. Join us as we explore JCB's rich history, from early tipping trailers to setting world records and expanding manufacturing across the globe.
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So unusual, a British success story not selling out to a foreign rival, respect for their charitable support too.
I can tell you the main reason why JCB has proved so successful in the long term - and I'm astonished this commentary failed to mention it. *EVERY share in JCB is owned by a member of the Bamford family.*
If, therefore, they decide to invest a massive proportion of their net income in R & D, there are no external shareholders to demand that they use that money to pay out higher dividends on shares. This policy, which Joe Bamford adopted from the start, also makes them fireproof against the sort of hostile take-over suffered by Ferguson's, when other directors virtually sold the company out to the American company Massey behind Harry Ferguson's back. Inevitable result? A few years later, Massey closed the English side down and fired all the staff.
A couple of other points which should ALSO have been made clear; JCB is now the second biggest company in the world for plant and machinery for agriculture, construction and materials handling - and the *BIGGEST in the world for back-hoe loaders!*
No JCB are number 6 in the world
1 AB Volvo
2 Cat Caterpillar
3 Komatsu
4 Doosan/Develon (Hyundai heavy industries)
5 Hitachi
6 JCB
7 Liebherr
As a young teen I still remember my first time in a loadall it was on loan from jcb as it was at the time unavailable and not even for sale, and my stepdad used it with a spike to move hay bales and straw around the farm with us in the cab.
He loved it, they pre ordered one . He also had one of the first fastracs on the farm.
Nice to see a British brand excel and innovate. It's what made this country great after all. 👍🏻❤️
The first fastrac? Poor poor bloke, those things are a mechanical nightmare 😂😂
A proper company that looks after the people who work for them .plus the wider public .Well done to you all at jcb for the last 80 years and the future to come
Proud to point out to my colleague's here in Tenerife that my 4CX is British built. An amazing success story.
The very best of British engineering. Always leading the way. Up there with the great Irish minds like Harry Ferguson. The modern men.
A very proud Savannah native, & we are very proud of our JCB plant here. It's actually in a municipality called Pooler. The tractor displays they always set up on the islands in the lagoons facing I-95 are always a site to see.
A true British company with morals and a good worker relationship. It's so nice to see it. Good on JCB
It’s simply a JCB, just like a Hoover or Dyson, Quality not profit no external investors, it must be doing something right to keep growing, may it continue
"It’s simply a JCB, just like a Hoover or Dyson, Quality not profit"
- complete tripe, it's a business, not a charity
Those crooks should have been out of business years ago
As an equipment operator - JCB sucks
@@kcb8130 why
@@kcb8130 why
Rocester, Staffordshire, not Rochester, Kent.
Good catch, our mistake.
Have spent 46 years on the seat of a jcb helping me to buy my own farm Bamford are a great out fit
Well said
I was working at a cancer charity linked to one of the top hospitals in the UK years ago. We got a random cheque for 6 figures from a Mr Anthony Bamford. Turns out we treated a Mr Joseph Cyril Bamford years ago!
we can all be proud of this story what made Great Britton / Great , just amazing , keep it going Chaps .
It's an evil company, nothing to be proud of.
NOT GREAT AND YOUR LITTLE ISLANDS ARE GOING DOWN TH ETUBE, NO PUN INTENDED.
Commander of the britarded empire which thankfully was no more long before Bamfords time.
The britarded empire killed more people over its 300 years OF ITS GREEDY INVASION OF MANY COUNTRIES, TERROR AND DEATH than the total number of victims killed in WWii
Thank you for the video, I can remember the factory at Rocester in Staffordshire, as a driver for British Road Services I delivered goods there every day from suppliers all over the country.
May the factory continuer for a good number of years.
Bamford founded JCB in Rocester but today the company is the main reason why the local town, Uttoxeter, fairs better than many other rural towns in the UK. The company employs most of the town, I know this because I've lived there for 26 years. JCB looks after their employees as well; getting a job there guarantees a stable income for the rest of your life, the company is unionised and employees get generous benefits.
Thanks, well done!..They have alot of history!
Never knew JCB was a manufacturer... I always thought they were a construction equipment rental company. Now I know better.
JCB are bringing a four-wheel-drive back to Australia. I’m going to have a good look at them if they are as good as their machinery should be fantastic. Only thing I don’t like about it it’s only got a 2 L motor but It won’t stop me from having a good look
It was the Nuffield / BMC / Leyland skid unit that made the difference. Simple straightforward indestructible gearbox and backend. Simms in line injection pump. Excess fuel button. Simple machine. Easier than a shovel. NO BRAKES!!!🙏
Being born in the sixties just down the road I will always refer to the Rocester factory as Joeys. Chris.
Everything was going well until you mentioned Tony Blair, the sole reason the UK is in the state it is in today.
He helped levelling Iraq - creating a massive market for JCB equipment...
Do you think our problems were nil in '96? The undermining has been going on for generations. I'd argue we peaked in 1900 , take a look at footage of our cities, towns and villages at that point. Beautiful.
In 1914, when they did the gold to paper shuffle then sent the up and coming generation ,plus their inheritance to the dogs. That was the starting pistol so to speak.
@@luke8329 1900 peak? I suppose if you consider half the population living in slums with a shared toilet and 80% only having cold running water and outdoor toilet. Halcyon days indeed.
Don’t talk pish … youve just came out of 14 years of why this country is struggling .. dik
👍🏴
I’m northern Irish so at least Tony Blair did one good thing regarding our little country, but I live in Australia now and it doesn’t matter where you live all politicians are just in it for their own ego. People who drive a company to be the best in their industry are the ones that should be respected most. They give real jobs and it’s not just talk. Rant over
Fabulous success story, thank you so much for this, just make sure it stays British and not sold off to some other country that will probably destroy it!
It won't be sold off to anyone - as EVERY share in the company is held by a member of Joe Bamford's family! (and they're way too smart to sell)
They have come a long way since my days as a dealer apprentice, servicing the diggers and backhoes. They look very swish !
Everyone loves backhoes
JCB may as well the most one in the first invention in tractor manufacturing.
WRONG.
What's that in British pounds.
The greatest tractor/digger manufacturer in the world. Also an ethical and philanthropic company too.
It was fined € 39.6 million in 2000 for trying to fix the EU market in earthmoving equipment - still believe that it's ethical ?
Didn't the boss remortgage his house 3 times, when the markets crashed, just to keep his staff in employment and NOT lose his skill base?
I didn't know that, but having spoken to JCB staff, it wouldn't surprise me. Just like Sir Joseph Whitworth, he knew just how vital the contribution of his employees was to the company's success. In fact, when Whitworth died, he left the company to his employees, stating that they were just as resp[onsible for its success as he was!
They really was an excellent design, soooo successful.
I am very proud of my initials, JCB. I have 3 different email's Jcbdiggers to Jcbdigger plus iv a personal number plate with JCB, and my nickname is digger 😃
Success through proper engineering and no interfering/asset stripping City shareholders, albeit some aggressive competitive policies. I worked for two of their competitors and came across a number of ex-JCB employees who were almost burnt out nervous wrecks, whilst JCB's subcontractors often went under due to price pressure - the construction equipment industry is very much feast or famine. JCB badge engineered Korean agricultural tractors smaller than the Fastrac range - never understood why they didn't come to the UK to broaden the range of offerings.
Master Mechanic
And a Good Head for Business = Success.
the best british company ever
Close yes but the best nah.
I love those socks
Can you please do case next video.
Quite impressive!
In the nineties engineering company I worked for supplied welded parts for jcb wales, no problem with payment, they told us Japanese competitors produced alternatives at a loss trying to put them out of business, couldn’t keep it up long enough. Love to know if it’s true
Why are some numbers in pounds and some in dollars 🤦♂️ use pounds because it’s a English company then just have a conversion to dollar
Never mentioned the fact they bought and run wrightbus
JCB 3C you old dog! good to see you, it's been a while.
I have JCB branded socks lol
Why would an Englishman be trading in dollars?
Because JCB is an international company and the USD is the international currency.
Simples innit like.
@@philhawley1219 Eerr, trading in an English market in the 50's with dollars might be a struggle...
@@brutusoftroy2810 This video was made for an international audience. Obviously the use of dollars would make it easier for non-British people to comprehend.
It appears you are too thick to work this out for yourself. Stop asking stupid questions.
The pound is dying a slow death.
The US dollar rules.
@@John-nc4bl not exactly Mr Current affairs are you John.
What makes the ironside wool so much stronger. Does it come from genetically modified sheep and are they US or Australian sheep?
2 minutes 30 seconds - this is not a DeHavilland Dove!
awesome
i love JCB products and would have loved to watch this video, but the background music was too loud and drowned out the voice over, so struggled to hear what was been said, so sadly couldn't watch this video.....
Every town councyl in romania has a buldoexcavator,i m not shure if jcb or cat or both
Wow the best in the world
How did he sell them in dollars and not pounds?
Brilliant!
Boris Johnson is a wholly owned subsidiary of JCB.
wot? An ex-tractor? Of piss?
@@RedRouge-j4j He's about as much use as a Fastrac. I hate those bloody things.
Don't be silly! If Bozo was owned by JCB, he'd actually work, rather than being a destructive waste of space.
@@philhawley1219 - the farmers where I live don't agree with you. And, come to that, nor do motorists and lorry drivers. Given the choice of being stuck behind a tractor, or following a FastTrac at reasonable speed, they'd go for the FastTrac every time.
It’s Ro-ster… not Roh-Chester
Rocester, no H, about three miles from Uttoxeter.
Aaron Lane
Seamus Moore
It’s Rocester NOT Rochester.
A typical video where the research behind it was awful, with so many inaccuracies.
So many mistakes that totally discredit the maker of it.
Thank goodness the subject behind it is such a success.
Wrexham plant seems to employ and then let go staff in high numbers on a regular basis?
Domenica Forest
Angelo Grove
his dad gives them 250 grand each the guy who runs it now you can have a extra day off lol im only worth 7 7 billion now
The worst machine to maintain. And thier wiring is beyond ridiculous
Great British company. But the quality has went downhill over last 20 years. Which is a shame as it’s mainly down to penny pinching
Who reads the comments while listening
JCB Junk Can Break
A try good British family business only if we had more like this the Uk would be a power house and the new china
Wilson David Lee Melissa Lopez Jose
Ok
Why is it in dollars when jcb is English pml not much research went in to this video so many things are wrong
White Linda Garcia Mark Lopez Thomas
This video conveniently fails to mention that JCB was fined no less than € 39.6 million in 2000 for attempting - with other companies - to fix the European market in earthmoving equipment.
QUOTE
The European Commission has adopted a decision finding that JC Bamford Group (JCB) of Britain, a leading manufacturer of construction, farm and industrial handling equipment, has violated European Union antitrust law. Since the late 80s, JCB has put in place distribution agreements and other practices which have the effect of severely restricting out of territory sales of JCB's products both within certain national territories and across national borders, as well as interfering with the freedom to set resale prices. For these very serious violations of article 81 of the EC treaty JCB was fined a total 39.6 million euros.
UNQUOTE
Despite the EU having been one of its largest markets, this is why Bamford was a huge financial supporter of the lies put out as to why Britain should leave the EU.
Poor narration, factually incorrect statements and bad spelling.
I especially lost all interest in this upload when you mentioned Dollars?
JCB is a British company, he certainly didn't sell his tipping trailer for $60 and it said $16 on the screen.
Harris Eric Garcia Mark White Michelle
Thompson George Jones Steven Thomas Melissa
So for a fantastic success story of British engineering you start it in metric measurements and then you start using US dollars seriously are you on any sort of medication how unprofessional and certainly not British? Yes, and we do have British sterling. I have a pint of lager and road signs are in miles.
Lewis Susan Davis Angela Taylor Donald
Was the same for the Hindenburg to.
So, remind me; when did JCB crash and burn like the Hindenburg? Oh; that's right. It didn't . . .
and Amazon started in a garage too. :-) lol.. yeah... Ish.
And your point is? Always, assuming, of course, that you *HAVE* a point to make?
An ex GF of mine got a job driving Joe and other directors around London. At the time she was a good looking girl aged about 22 . She did not stay in the job for long . As i dont want to be sued i cannot tell you the reason why.
Still find their sponsorship on the Aston Martin F1 cars weird. It's obviously a B2B advertisement. Who their clients? Many times F1 sponsorships results in wining and dining by a sponsor to big clients at races. How many units of anything "JCB" do they sell to one end user? You aren't going to do that to sell one telescopic wheeloader to a farmer in Iowa. I'm a retired desk jockey in the US. I see JCBs around, but it's always one here, one over there, another one.... Not much different than any of it's competition.
FYI, mate, and regardless of what it *looks* like to you; JCB is now the second biggest manufacturer *in the world* of plant and machinery for agriculture, construction and materials handling; and is the *BIGGEST* in the world for back hoe diggers. How do you square those facts with JCB being "not much different than any of its competition"?
I always thought is stood for just comes broke 😂😂😂
That's because you have a four-cylinder brain which is only firing on two.
Junk
Comes
Bigger
Charlie Uniform November Tango.
@@jackx4311 BRITARDED JUNK.
Something not making sense here Branford’s was going back in the thirties I have a Branford finger mower that was horse drawn they made many other farm implements long before it changed to JCB
Do you mean BAMFORD?
I think there was a Bamford agricultural machinery company- unrelated to JCB.
@@davidharris3264 yes Bamfords was a large factory in Uttoxeter
@@themunter4488 they are part of the same family , however two different companies .
@@kawasakikev8905
Thank you for making contact with us via JCB.com
I have made enquiries regarding the history you were looking for, and I can confirm that Bamfords were a separate company to JCB - Joe Bamford did previously work for the family business, Bamfords of Uttoxeter, however parted ways with them prior to starting up JCB in 1945.
Terrible corrupt company, Bamford was a crook. Would deliberately put suppliers out of out business, never paid anyone what they owed. I would love to know how many machines out there have stolen parts on them, cos it must be quite a few.
So no different from any other big company in the world then...
@@craigsibley8161absolutely!
@@craigsibley8161 It's always been that way. Even small timers aren't immune from being lizards. Just watched some 1928 Ford film for their auto dealers. How to make the show rooms and garage areas clean as a whistle and how to hustle up repair work. Independent garages were taking a lot of the repair business. The film shows a fictional dealership owner and his general manager driving across town to a independent garage about 2/3rds in. The place is doing a lot of business. The owner comes out, knows who they are. Shakes their hands and they make small talk. Let's them walk around the garage. This was silent movies days. The dealership owner says "This fellow ought to be cut off the discount list. We should get his Ford repair business". That's pretty low class. That was the official Ford stance. Obviously one should strive to get market share. But, that borders on unethical. The independent garage owner was too trusting of the shark. You probably won't bother, but it's the latest video on the channel of RUclipsr A Model A.
Don't forget that the company was fined € 39.6 million in 2000 for trying to fix the EU market in earthmoving equipment. That's why Bamford hates the EU so much !
Now there is a change of government are JCB going to clear there tax debts.
Why? Doesn't Reeves have enough money to squander already? And, if JCB owe the taxman money which has not been collected, go and moan at the Inland Revenue!
@@jackx4311 Bamford and his cronies should pay his taxes.
No. They are too busy trolling the internet for people posting hurty words.
Ruined brilliance. The mountain keeps growing, it’s got a motorcycle on the summit currently
What the hell are YOU on about? What's 'ruined' about JCB?
Never heard of this brand?? No wonder its brit. ish😂😂😂😂
Ever heard of Astrazeneca or Pfizer? Also British companies, You probably have at least one vaccine of theirs in you! You should educate yourself a little more!
Dont be so ridiculous!
I'm a retired software engineer but I heard of them. You drive by any job site, and chances are you will see at least one JCB machine in about half of them. Mostly the skid loaders and telescopic stuff. Maybe the yellow color makes you think Caterpillar. Like white and orange and small means Bobcat. JCB is mostly yellow with black. Cat is yellow. Hitachi is orange. I'm weird like that.
JCB today began work on a new $500 million factory in North America - the biggest-ever investment in the company’s history
The start of construction was signalled at an official ground breaking ceremony at the site in San Antonio, Texas, where The Hon. Alice Bamford, daughter of company Chairman Anthony Bamford, cut the first sod of earth.
Work on the 720,000 sq. ft (67,000m²) factory is under way on a 400-acre site and will create 1,500 new jobs over five years. It will be the company’s second largest plant, rivalled only by the manufacturer’s World HQ in Rocester, Staffordshire, UK. The factory will make Loadall telescopic handlers and aerial access equipment, with production scheduled to start in 2026. The factory will also have the capacity to expand into the manufacture of other products in the future.
19,000 people work for them.
@@user-re6yo7tj5s I have no idea why not hearing about them means they are no good. In my other comment, I mentioned I'm a retired Software Engineer. It was in banking. The clients are financial institutions. It is the backbone for about 150-160 small time banks and credit unions. Put them all together into a bank, and the bank would be a "Name" based on the size. 750 people or so in the company. The name on the building means nothing to anyone that sees it. Doesn't mean it doesn't exist. The company is a guppy in a business of whales, with a very good reputation.
@@dlewis9760 Lloyds, Barclays and many other britarded companies WERE BUILT ON SLAVERY.
Hernandez Jose Martin Linda Hall Sharon