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India to become $5 trillion economy, 3-largest by 2027

Reserve Bank Deputy Governor Michael D Patra has projected that India is poised to become a $5 trillion economy and secure the third spot in the world's largest economies by market exchange rates by the year 2027.

Battery industry revenues to surpass $168 billion by 2030

The battery industry revenues may surpass $168 billion by 2030 but severe global shortages are highly expected from 2025.

Historic tower crane returns to Liebherr

The Liebherr Tower Crane Center in Bad Waldsee boasts a new attraction: a Form 30A/35 tower crane, built-in 1969. The crane’s owner, Stephan Keim, loaned it to Liebherr at the beginning of January.

Schaeffler wins Railsponsible Supplier Award 2021

Schaeffler, the world’s leading automotive and industrial supplier, has received the Railsponsible Supplier Award 2021 in the “Climate Change and Circular Economy” category for its 100 percent return service for axlebox bearings.

Schaeffler wins Railsponsible Supplier Award 2021

• Schaeffler wins in “Climate Change and Circular Economy” category with its 100 percent return service for axlebox bearings

Manitowoc to showcase new product strength at The Utility Expo

Manitowoc will display three of its strongest new offerings for the utilities market at The Utility Expo this year: the National Crane NBT60XL boom truck; the NBT45-2, a compact 45-tonne model from its new NBT40-2 Series; and the Grove GHC110 telescoping crawler crane that just launched in July.

Manitowoc to showcase new product strength at The Utility Expo

Two new National Crane models — the NBT60XL and the NBT45-2 — will anchor the Manitowoc booth in Louisville, Kentucky.

EPA doubles down on prohibition of emissions defeat devices

Tampering on off- and on-road emissions control systems is illegal and there are hefty fines levied for violations, according to an enforcement alert issued by the EPA in December.

Genie launches E-Drive across GS scissor lifts range

Genie® announced the new E-Drive system, an optimised AC electric drive system, available across its entire line of GS™ slab scissor li s.

Genie launches E-Drive across GS scissor lifts range

E-Drive is an optimised AC electric drive system

Donaldson Company to set up new Research Centre

Donaldson Company, Inc broke ground on a $15 million Material Research Center at its corporate headquarters in Bloomington, Minnesota.

Show of Innovations

With 614,000 sq m of space, about 3,700 exhibitors from 63 countries and more than 620,000 visitors from over 200 countries, the largest bauma ever held was once again a bauma filled with records.

Solving productivity woes

The MB-R800 cutter head has turned out to be a perfect solution for use in a laterite quarry site in south India.

Donaldson launches new air filter selection system

Donaldson Company, Inc has introduced an easier way for gas turbine system operators to select replacement air filters, developing laboratory tests to quantify water tightness and pulse recovery rate, a first for the industry.

Ingersoll Rand in Dow Jones Sustainability Index

For the eighth consecutive year, Ingersoll Rand has been named to the Dow Jones Sustainability World and North America Indices (DJSI).

Sandvik Coromant India appoints new President

Javier Guerra has been appointed as the new President of Sandvik Coromant India. He will be responsible for continuing to develop the company as the leading supplier of metal cutting tools, tooling solutions, and know-how to the manufacturing industry.

Schmersal India opens IT centre in Pune

Manufacturer of electromechanical safety and lift switchgear and systems, Schmersal India, a subsidiary of The Schmersal Group, Germany, inaugurated its first global support IT centre in Pune.

Magna Tyres starts production in the Netherlands

Magna Tyres Group started the production of its tyre ranges at the OBO Tyres factory in Hardenberg, the Netherlands. This was announced during the ?Grand Reopening? event hosted on January 11, 2018 by OBO Tyres.

TUV Rheinland expands in India with new facility

TUV Rheinland India, a subsidiary of the TUV Rheinland Group, Germany, a worldwide leader in testing, training, inspection, consulting and certification, has expanded its footprint in India with a new EUR2.5 million facility located at Electronic City in Bengaluru.

ValvTechnologies appoints Quality Management Head

ValvTechnologies, Inc., manufacturer of zero-leakage severe service isolation valve solutions, announced the appointment of Michael Teele as Director of Global Quality Management.

CONEXPO-CON/AGG 2017

The five-day international exhibition on construction industry held in Las Vegas during March 7-11, 2017 recorded around 128,000 attendees, including around 26,000 international attendees.

Rehabilitating A5 highway

These days, highways surfaced exclusively with concrete or asphalt are something of a rarity in Germany, particularly in its more densely populated regions.

Focusing on industry Applications

ContiTech has strategically reorganised its conveyor belt business to focus more on its industrial applications business in the future. For this purpose, the conveyor belt specialist has created the new segment, Industrial Belt Solutions.

ContiTech Conveyor Belt Business to focus on industrial applications

Magna Tyres opens new Middle East And Africa office

Magna Tyres Group announced the opening of the Middle East & Africa office, based in Ras Al Khaimah, in the United Arab Emirates. Following the recent (September 2016) appointment of Vijay Nambiar as General Manager of this new office, it is the next step in the worldwide expansion of the company.

Magna Tyres Group opens new Middle East And Africa office

Potain tower cranes assisting on Riyadh Metro project

A team of 28 Potain tower cranes are working around the clock to help complete the new $22.5 billion Riyadh Metro project in Saudi Arabia.

Bruns Schwerlast receives 36th Terex crane

Bruns Schwerlast has recently taken delivery of a Terex Explorer 5800 all terrain crane. Frank Bruns, general manager at Bruns Schwerlast, picked up what is now his company?s 36th Terex crane in Zweibr++cken, Germany from Terex crane sales manager Michael Zieger.

Terex T780 delivered to Michael Bigg

New York-based recovery company Michael Bigg has taken delivery of a Terex T780 truck crane from Empire Crane.

thyssenkrupp and Siemens extend coop agreement

Due to the pressures still facing the mining industry to reduce operating costs and enhance productivity, thyssenkrupp Industrial Solutions and Siemens have decided to prolong their successful collaboration in the mining sector for another five years.

Yanmar appreciates its dealers

Yanmar Construction Equipment Europe S.A.S (YCEE) honoured its dealers with a ?certificate for highly qualified service?.

Hannover Messe Roadshow

Hannover Messe 2015, the world?s largest and oldest engineering trade fair in Germany, along with EEPC India, embarked a roadshow in Mumbai with the focal theme as ?Make In India opportunities at Hannover Messe 2015? as India will represent as the official Partner Country this year.

Tech-Xage 2014

Living up to its commitment of innovation Ammann Apollo organised an in house exhibition - Tech-Xage 2014 at its facility in Ditasan near Ahmedabad, Gujarat.

RSB bags performance award

The Construction Equipment, Mining & Infrastructure (CMI) vertical of RSB Transmissions at Dharwad has been conferred with outstanding performance award for 2013-14 from Caterpillar India.

World Leader in Concrete Technology

Putzmeister`s machines are involved in the construction of metro rail projects, expansion and modernisation of international airports at Mumbai, Delhi, Kolkata and Bengaluru; as well as building of diverse power plants, hydraulic projects, liquefied natural gas tanks, refineries, ports, roads.

Innovations in Polymer Chemistry and Process Engineering

Dr. Michael Covitch and William Dimitrakis discuss some of the latest innovations that bring new viscosity modifier chemistry to the customer.The traditional role of a polymer additive in a lubricant has been as a thickener or viscosity modifier (VM), and/or as a pour-point depressant. Viscosity modifiers are also called viscosity index (VI) improvers but today, the value a polymer additive brings to a lubricant has expanded significantly to meet dynamic equipment challenges.

ALL buys 30 new cranes

ALL Erection & Crane Rental has purchased 30 new Manitowoc and Grove cranes to add to its 34-branch fleet.

Astec-Dillman equipment exceeds expectation

The Alabama-based Hosea O Weaver and Sons are satisfied with the Astec asphalt plant purchased in last September. According to Michael Weaver, Vice President, Hosea O. Weaver and Sons.

Liebherr cranes on wind turbines Work

New LTM 1750-9.1 mobile cranes have been leaving the Liebherr plant in Ehingen for the last few weeks. One of the very first machines was collected by Bergheim-based Breuer & Wasel.

Bauma Breaks Records

A record 530,000 visitors from over 200 countries converged on the Messe Mnnchen exhibition centre between April 15 and 21. This, the 30th edition of bauma, broke all previous records for exhibitor numbers and exhibition space.

Widening of roads begins in Arpora-Nagoa area in Goa

The Goa Public Works Department (PWD) has started work on the widening of roads in Arpora-Nagoa panchayat area. In the first phase, the road from the Arpora market junction to the Nagoa church is being widened.

Mann + Hummel opens new plant

Mann + Hummel has opened a new plant for cabin air filters in Himmelkron. ?This will expand our production capacity and improve logistics,? said Managing Directors Professor Dr Michael Durst

It is our product quality that has won our customers' faith and trust

We are increasing our investment in India and our phase-II expansion is already on. We strive to give inter?national quality to our customers at the best possible price by absorbing additional cost to the extent possible,? says Michael Schmid Lindenmayer, Managing Director, Putzmeister Concrete Machines. 0 - - 24677 14 251 2012-02-15 00:00:00.000 Equipment India Besides our technology quality, customer focus is the USP for our success Anand Sundaresan, Managing Director, Schwing Stetter India.

?Neither our customers nor our competition can deny the contribution made by Schwing Stetter India in the last 12 years to make the concreting equipment economical and affordable; and thereby substantially increasing the usage of these equipment," says Anand Sundaresan, Managing Director, Schwing Stetter India. In a chat with Equipment India, Sundaresan elaborates on the CE market trends and what has made the company a leading player in the concreting equipment segment. Excerpts from the interview.

How do you rate the overall performance of the CE industry and how is Schwing Stetter placed to meet the surging demands for advanced products and services in this evolving scenario?
In the last two decades, the construction equipment industry has made enormous progress and has grown both in size as well as diversity. Liberalisation, government focus on infrastructure developments and also special concessions given by the government on imports of equipment for infrastructure projects, have all helped the construction industry. It was also necessecary because most of these projects were time-bound and the penalties for delay in completion were very heavy. This gave a boost to the construction equipment industry and helped it grow more than 15-20 per cent year on year.

In addition to this, it also attracted many construction equipment manufacturers to set up shop in India either by way of joint ventures, license agreements or a hundred per cent subsidiary. Schwing Stetter India is one such com?pany to set up production facility, approximately 12 years ago, to take advantage of the growing market in India. Schwing Stetter India is a focused long-term player in the concreting segment and is here to stay for a long time.

With a view to participate in the growth and deve?lopment of our country and to participate in the huge market potential, Schwing Stetter India has been continuously increasing its production capacities, after sales network, value-added services etc, besides expanding its product range as per the needs of customers. Schwing Stetter India keeps close contact with customers, and with the valuable inputs received from them, has been intro?ducing various new products in the market. The recently concluded Excon 2011 was an excellent oppor?tunity to meet our existing and new customers and show?case our new products; we launched 19 new products.

How does Schwing Stetter look at ending this fiscal? What sort of topline growth are you looking at in the next five years and where do you see the growth coming from?
There has been a sudden slowdown in the second half of 2011 due to various reasons including high inflation and interest costs. Therefore, the topline growth this fina?ncial year will not be as high as we had originally anti?cipated. However, there will be a growth of about 20 per cent from the previous fiscal year 2010. We expect that this is a temporary setback and anticipate an year-on-year gro?wth of between 20 and 25 per cent in the next five years.

What is your take on some of the major issues the industry faces in today?s context?
Many of the factors have definitely affected the perfor?mance of construction equipment industry. This includes Schwing Stetter. High cost of funding has resulted in lower off-take of equipment, besides increasing input costs. The devaluation of the currency by over 20 per cent has a direct effect of over 7-8 per cent on the material cost since on an average, we always have 35-40 per cent import contents in our products.

Has competition become a major drive for the betterment of industry practices in terms of services provided by OEMs?
All construction equipment are highly service- oriented. Therefore, the customers are looking for more value-added services. In order to survive in this market, improved after-sales services and value-added services are a must. Healthy competition is most welcome. However, we find that sometimes, new entrants compromise too much to gain entry by selling even at below material cost levels, which is not very healthy for the industry.

What are the initiatives by Schwing Stetter towards more affordable and application-oriented product lines?
Cost reduction is a key factor towards which we conti?nuously work, without compromising on the quality of the components in our products. We have many examples where the cost of the equipment manufactured by us today are much lower than it used to cost ten years ago, but with better technology and better service package. This has made our equipment more affordable and has substantially increased our customer base.

Neither our customers nor our competition can deny the contribution made by Schwing Stetter India in the last 12 years, to make the concreting equipment econo?mical and affordable and thereby substantially increase the usage of the equipment.

How do you look at the threat of imports from LCC? What is your take on an initiative for a third-party certification system for import of equipment?
As I said earlier, the construction equipment is highly service-oriented equipment. Unless and until proper after sales service and spare parts back up is available, they cannot be sustained in India on a long-term basis, even though the initial purchase cost of this equipment may be lower.

Secondly, we have also seen that the equipment which come from the low-cost countries, often use inferior qua?lity of components. Therefore, the performance and dura?bility of such products are questionable.

How are exports doing for Schwing Stetter?
Schwing Stetter India was predominantly selling its products only within India and a few neighbouring coun?tries like Bangladesh, Nepal, Bhutan, Sri Lanka, too. How?ever, Schwing Stetter India will shortly be supplying equipment to the East Asian countries, which will increase export revenue in the years to come.

Schwing Stetter has registered an enviable growth and to what do you attribute the success?
Besides our technology and focus on quality, our customer focus is the USP for our success. Schwing Stetter has been very lucky to have a committed and dedicated team of employees at all levels who do not compromise on the company?s core values.

Tell us about the impact of the stringent emission norms on OEMs.
The emission norms as per the international standards are bound to come in and every OEM has to be prepared for this. I do not personally look at it as a big threat.

Any more capex on the anvil?
Schwing Stetter India will keep investing on capacity expansion, branch offices, service depots, training centres, etc, as and when necessary. In 2011, we added six branch offices and six service depots. We are also in the process of expanding our production facility and a new factory is under construction. The total outlay between 2011 and 2012 is Rs 80 crore.

Is the growth story sustainable?

It is crystal clear, to reach world-class levels, infrastructure needs a tremendous boost for the next several years; this will augur well for the CE sector where most of the major players continue to upgrade capacity and widen product lines.

The Plaster Master

Putzmeister, internationally known as Plaster Master, has made the entire range of internationally acclaimed equipment and machinery at its factory based at Goa. Name any project - construction of high-rise buildings,

Powerscreen in Mongolia

Powerscreen, one of the world?s leading providers of mobile crushing, screening and washing equip?ment, has signed an agree?ment with its first distributor in Mongolia, Wagner Asia Equip?ment LLC. Allen Smith, Power?screen?s Mining Business Deve?lopment Mana?ger, said ?Signing Wagner Asia Equipment will further stren?gthen the Power?screen distri?bution network glo?bally.

Greif at Work on Water Tower

German contractor Greif used its Grove GMK4100 to install thermal storage tanks at the headquarters of 3U AG in Marburg, Germany. The storage tanks form part of a new solar power plant that will supply heat and energy to the head office

S-valve Technology

The S-valve technology allows pumping with higher concrete pressure to reach higher output at greater heights. At the same time, the wear and tear of an S-valve pump is lower and so the operation costs are considerably lower, writes Michael Schmid ? Lindenmayer.

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