# JCB announces R$500M investment to double production in Sorocaba, Brazil

JCB announced an investment of R$500 million to double production at its Sorocaba plant, creating 1,000 new jobs (300 direct, 700 indirect). The investment will be spread over five years, with R$360 million for nationalization of products and R$50 million for agricultural distribution network.

- Type: Expansion
- Announced: 2024-06-14
- Where: Sorocaba, São Paulo, Brazil
- Value: $93.0M (500.0M BRL)
- Jobs: 1,000
- Status: announced
- Products: backhoe loaders, telescopic handlers, wheel loaders, hydraulic excavators, mini excavators, skid steer loaders, compaction rollers, aerial work platforms
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [JCB](https://endata.com/companies/16316.md)

## Sources

- [g1.globo.com](https://g1.globo.com/sp/sorocaba-jundiai/noticia/2024/06/14/para-dobrar-producao-no-interior-de-sp-empresa-britanica-anuncia-investimentos-de-r-500-milhoes-e-mil-novos-empregos.ghtml), 2024-06-15: "A gente busca dobrar essa produção para poder atender a América Latina e o Brasil."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.