Staffordshire manufacturer, JCB, is building two new factories and creating 2,500 new jobs.
The firm made the announcement as Chancellor George Osborne toured its headquarters in Rocester this morning.
The plants will be in Beamhurst near Uttoxeter and Cheadle in Staffordshire. The firm will also expand its operations at its HQ.
JCB will today announce plans to invest £150 million to expand its operations in Staffordshire creating 2,500 jobs.
The plans will include a new factory in Beamhurst, near Uttoxeter, to replace the current facility in Rugeley.
A second factory will be built at Cheadle in Staffordshire.
The firm will also expand its operations at its headquarters in Rocester to make hydraulic cylinders.
Sixty years after pioneering the very first backhoe loader, JCB has won an order worth more than £500,000 for a new fleet of the machines.
The East Staffordshire based outfit is to build a fleet of ten JCB 3CX Sitemasters for civil engineering company Fred Mence (Construction).
Production is set to get underway at the company's World HQ in Rocester, where more than half-a-million JCB backhoes have been manufactured since the first one in 1953.
Staffordshire digger maker JCB has said it is donating more than £300,000 worth of machines and generators to help people affected by the Filipino typhoon disaster.
The company is sending a fleet of three loaders to aid the clear-up operations following Typhoon Haiyan.
In addition, more than 120 JCB electrical generators are being provided through the company's Filipino dealer Camec.
Staffordshire based heavy machinery manufacturer JCB is putting its youngest employees through a 'crash course' in road safety today.
Two hundred and fifty apprentices will take part in the course at the company's headquarters in Rocester to encourage responsible behaviour while on the roads.
The chairman of JCB, which has factories in Derbyshire and Staffordshire, has been named as a new peer in the House of Lords.
Sir Anthony Bamford is among 30 peers who will take their new seats in September after the summer recess.
Hundreds of competitors have today completed the JCB Fun Run in Staffordshire, raising over £40,000 for charity.
The event, now in its second year, attracted 1,000 entrants – double last year’s field – for the five-mile endurance course, which raised cash for the NSPCC.
The JCB Mud run took place on land owned by the company near to its World Headquarters in Rocester, Staffordshire.
The course featured a 100ft long underground mud tunnel, cargo nets, rope swings, monkey bars and plenty of mud.
Over 1,000 people are expected to compete in the second annual JCB Mud Run. The event is taking place near the grounds of JCB's headquarters at Rocester. Money raised from the run will be donated to the NSPCC.
Last year, the event raised more than £30,000.
Derbyshire-based digger maker JCB will today announce a new £45 million pound investment to develop a new engine at their plant, JCB Power Systems.
The company says the project will create at least 50 jobs.
JCB has won a new contract with a nationwide equipment rental firm, in a deal worth more than £27 million.
Eight-hundred machines have been bought by equipment hire company A-Plant.
The latest deal comes on the back of 550 machines ordered by A-Plant last year. It means the company has now bought 7,500 machines in a trading relationship with JCB stretching back 25 years.