JCB announces R$ 120 million investment in Sorocaba factory, Brazil

JCB do Brasil announced R$ 120 million in investments for 2022-2024 at its Sorocaba factory, creating about 300 new jobs. The factory produces construction equipment like backhoe loaders.

“As we have a number of projects in development in the country and in Latin America, we will allocate R$ 120 million to various fronts, such as production, launching new products, equipment, and increasing our production capacity.”en.clickpetroleoegas.com.br

• 2 sources
• en.clickpetroleoegas.com.brMultinational JCB Announces 300 New Jobs and R$ 120 Million Investment in Factory in São Paulo State - CPG Click Oil and GasRoberta SouzaOct 23, 2021
• clickpetroleoegas.com.brMultinacional JCB anuncia 300 novos empregos e investimentos de R$ 120 milhões, em fábrica no estado de São Paulo - CPG Click Petróleo e GásRoberta SouzaOct 23, 2021

Summarized from public sources; check the original articles before acting on it.