The announcement was made yesterday at its UK headquarters during a visit from the governor of the state of São Paulo, João Doria.
JCB opened its production plant in Sorocaba, São Paulo in 2001 and invested a further $100 million in a new facility in the city, in 2012. The investment is part of a plan for the launch of new products for the Brazilian and neighbouring South American markets.
JCB chief executive Graeme Macdonald said: “We have a world class production facility in Brazil and the investment announced today underlines our commitment to this important market and enables us to seize all the opportunities for growth which lie ahead of us. The Brazilian market is in very good shape and has grown substantially over the past 18 months and continues to expand. There are some very exciting opportunities ahead.”