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In 2014, it was reported that three out of every four pieces of construction equipment sold in India was a JCB, and that its Indian operations accounted for 17.5% of its total revenue. [14] JCB-based memes have also become prevalent in India. [15] JCB began manufacturing 20-30 tonne excavators in Solnechnogorsky District in Russia in 2017. [16]
The company is the world's largest manufacturer of construction equipment. [ 3 ] [ 7 ] [ 8 ] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [ 9 ] and number 265 on the Global Fortune 500 list. [ 10 ]
1961: Telco (now Tata Motors) started the Construction Equipment Division. First excavator rolled out. 1984: Collaboration with Hitachi Construction Machinery for the manufacture of Hydraulic Excavators. [6] 1985: The first Hydraulic Excavator UH083 launched. 1994: Construction Equipment Business Unit (CEBU) formed. EX70 Excavator Launched.
In 2005, JCB was selected to produce what at the time was estimated to be 636 machines for $209 million. [29] Firm orders: 2008: $229 million for 800 HMEE, as the first production contract. [30] June 2014: second production order, with a contract valued at $50 million (unknown quantity). [31] [32] September 2017: 98 ($36.3 million) [33] [27]
In 1995, VME became a fully owned Volvo company and changed its name to Volvo Construction Equipment. In 1998, Volvo CE became the first foreign company to invest in Korea. The acquisition of Samsung Heavy Industries (Construction Equipment Division) increased its sales and presence in Asia. In January 2007, Volvo purchased 70% of SDLG.
The Kellers' uncle, an equipment dealer for the Melroe Manufacturing Company based in Gwinner, North Dakota, suggested that Melroe market the machines, resulting in Melroe inviting the Kellers to exhibit at the 1958 Minnesota State Fair. Melroe introduced the four-wheeled M400 model "Skid-Steer Loader" in 1960, and began using "Bobcat" as a ...