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The market for hoists has increased by 25 to 30% this year
PV Ramdev, Managing Director, Everest Engineering Equipment, speaks on the segments that are driving the demand for MHEs in India.
Lifting up!
The hoist market is expected to grow at a CAGR of up to 7.3 per cent till 2025.
Reaching new heights
In India, construction hoists have become very popular in the past decade. They are usually used for high-rise towers of height 70 m or more undergoing construction or renovation.
Everest enters high-speed CNC rebar processing machines
Indian market has huge demand for high-speed rebar processing centres. Everest Engineering Equipment has entered into a dealership agreement with TYF Machinery China, a pioneer in high quality
Safety in Construction Hoists
PV Ramdev elaborates on the safety features associated with construction hoists.Construction hoist, popularly known as Passenger and Material (PM) Hoist, is used for transporting men and materials during high-rise construction vertically to heights up to 821 m - Burz Al Khalifa at Dubai is currently the tallest tower in the world and there are reports that Bechtel has been awarded an ambitious contract by Saudi Arabia to design a still taller tower.
Procurement Trend
The Indian construction equipment market is expected to grow at 12 per cent CAGR to $ 4 billion by 2017 P V Ramdev,. Along with this, the material handling and access equipment markets are also expecting some exponential growth.
Safety in Construction Hoist
Safety is paramount in construction equipment and their users. Following the international trend of according utmost importance to safety consciousness lead by DuPont and others many reputed Indian companies like L&T, HCC, etc.
Our products are technologically way ahead
The market is picking up. The market demand for 5T-6T tower crane is about 350 units; while the demand for 8T-10T is about 30-40 units and 12T and above is 25-30 units a year. The overall size is 400-450 units with approximate value of Rs 3,000-3,300 million.
The Show is ON
The market sentiments are right; the government is taking right decisions for growth and development; and the construction equipment sector is sure to face a turnaround.
New-generation Anti-collision Devices
Everest Engineering will showcase its new-generation anti-collision devices for tower cranes at bC India 2014. Everest Engineering will unveil its new generation anti-collision devices for tower cranes combined with safe load indicators. This will be one of the attractions in the show.
We offer the best quality tower cranes and passenger hoists.
Our main focus has always remained on service support to every customer; we offer project -specific and very economical solutions till the completion of the project, says PV Ramdev, Managing Director, Everest Engineering Equipment. Excerpts from the interview.