JCB announces record profits
The Midlands based company JCB has announced record profits for 2012.
Profits rose to £365 million making it the best year in the firm's 67 year history.
Supplier describes impact of JCB
Report finds JCB supports 24,000 UK jobs
Olympus Engineering in Stoke-on-Trent supplies parts to JCB.
Around a quarter of all of its business is for the digger maker.
The engineering firm has links with JCB dating back more than thirty years. In recent years the company has expanded with a brand new heaquarters, helping to regenerate an area of Stoke-on-Trent which had been derelict.
MD Neil Blood described the cascade effect of business from JCB in the supply chain as phenomenal.
“JCB is 20-25 per cent of all our business, so 25 per cent of our employees are employed making parts for JCB.
"We in turn then buy materials from sub-suppliers so the cascade effect is quite phenomenal,” said Neil Blood.
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