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Navigating the future

Ongoing advancements in technology, including the integration of IoT, AI, and automation, are revolutionising the construction and mining equipment market.

Grading the Future

As the demand for advanced road networks and improved connectivity continues to surge, the clamor for motor graders in the construction industry is reaching unprecedented heights.

Record earnings for Volvo Construction Equipment in Q2 2023

Volvo Construction Equipment (Volvo CE) proves it is performing today while transforming for tomorrow with record earnings for the second quarter 2023, alongside its continued investment into sustainable change.

Deere reports 32% net sales increase for Q1 2023

Deere & Company’s global net sales and revenue increased 32 per cent, to $12.7 billion, for the first quarter of the company’s fiscal year.

Opportunities galore

The construction industry across the globe is anticipated to present significant opportunities for construction equipment.

New Avenues to Growth

The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.

Self-reliance in mining equipment

With demand for mining machinery on the rise, it would be ideal for us to have Made-in-India mining machines.

ICF 2020: A Virtual Construction Extravaganza

Just when the 2020 financial year was coming to a close, it was hit by the COVID-19 pandemic. While the industry was already battling issues such as a liquidity crunch, rising bad loans, slowdown in capex, project delays and insolvencies, among others, the last quarter witnessed growth in the negative territory for most businesses. However, despite obstacles and uncertainties being at their peak, a few entities managed to persevere and prevail, posting growth and exhibiting excellence.

The Liebherr Group crosses ?10 bn annual turnover

The Liebherr Group notched up a turnover of ?10.551 billion in 2018, breaking through the ?10 billion barrier for the first time in the company?s history. This represents an increase of ?739 million, or 7.5 per cent, compared with the previous year.

bauma CONEXPO INDIA 2018

The construction equipment expo - held in December 2018 in Delhi - scaled new heights even while participants expressed their apprehensions on the market scenario in 2019 owing to the upcoming elections.

Hallelujah! It's raining orders

The larger picture of various market researches shows growth for the construction equipment (CE) industry.

Advancing Trenchless Standardisation

The role of standards is quite important in the context of Indian trenchless projects. Dr Niranjan Swarup explains the needs for standards that suit Indian conditions and the future directions in this regard.

We aim to achieve 10 per cent market share in wheel loaders

While Tata Hitachi is maintaining itself as the market leader in excavators in India, the company is aiming to have a decent market share in wheeled equipment segment also. Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery Co, shares more about the market and the company's plans.

Wacker Neuson reports substantial revenue growth

The Wacker Neuson Group reported a marked rise in revenue and earnings during the first six months of 2018. Revenue for the first half of 2018 rose 8 per cent to a new record high of EUR 825 million (EUR 764 million in H1/17).

Record revenue for Wacker Neuson in Q1/18

The Wacker Neuson Group started the year strong with revenue for the first quarter of 2018 (Q1/18) increasing by more than 9 per cent to EUR 371 million (EUR 339 million in Q1/17). All regions and business segments reported a rise in revenue.

Liebherr achieves highest-ever turnover

In 2017, Liebherr Group achieved the highest turnover in its history, with a total sales of ?9,845 million. Compared to the previous year, the company increased its revenue by 9.3 per cent.

Productivity Parameters

Employing the right equipment for the right application is important in its productive utilisation in a project. So, it is imperative to follow the productivity parameters while selecting an equipment.

Allcargo posts 6 per cent revenue growth

Allcargo Logistics has achieved a total revenue from operations at Rs 1,483 crore for the quarter ended June 30, 2017, as compared to Rs 1,399 crore for the corresponding previous period, an increase of 6 per cent, mainly on account of volume growth in Multimodal Transport Operations (MTO) business - 86 per cent of revenues are from the global MTO business.

Wacker Neuson posts revenue growth

The Munich-based international light and compact equipment manufacturer Wacker Neuson reported a record rise in revenue for the first quarter of 2017. According to a company release, adjusted profit before interest and tax (EBIT) increased significantly. At the close of Q1, order intake and backlog showed a clear rise over the figures posted for the prior-year period.

The Road Ahead

In spite of the government's policy shift towards building four- and six-lane National Highways as concrete roads, plans to construct more rural roads and coastal roads will drive the demand for asphalt plants in the future. EQUIPMENT INDIA explores the road ahead for asphalt plants.

BUDGET 2017 | EXPECTATIONS

February 1, 2017 is the date set for presenting Budget 2017 by the Hon?ble Finance Minister, a significant deviation from the earlier end-February fixture. This budget comes at a time when the country has been reeling under the shock waves of the recent demonetisation of high value currency notes by the government.

Demonetisation | Modi plays a trump card

The demonetisation of old Rs 500 and Rs 1,000 currency notes by the government on November 8, 2016 has taken India by surprise.

Wacker Neuson?s revenue up in Q2

Wacker Neuson Group?s revenue for the second quarter of 2016 (Q2 2016) stood at EUR 381.4 million

Wacker Neuson?s revenue up in Q2

Wacker Neuson Group?s revenue for the second quarter of 2016 (Q2 2016) stood at EUR 381.4 million, almost equal to the record figure reported the previous year (EUR 382.1 million).

Brexit?s Impact on India

Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out.

INDIA INSULATED FROM BREXIT FALLOUT

On the 23rd of June, UK public voted to leave the European Union. The news not just sent the UK markets and currency into turmoil but sent shockwaves that were felt all the way in India as well. The historic vote marks the rise of a new phase of uncertainty for the international markets.

Allcargo financial results

Allcargo Logistics recorded a total revenue from operations at Rs 1,339.2 crore for the quarter ended December 31, 2015, as compared to Rs 1,431.7 crore for the corresponding previous period, a decrease of 6 per cent on account of lowering freight rates (which is foreseen for the future) and notional currency impact.

We procure new and used equipment depends on the scope of utilisation

Simplex Infrastructures is one of the largest infrastructure solutions providers in India and the Middle East having presence in across eight first growing industry verticals.Samar Ghoshdastidar, Technical Director, Simplex Infrastructures, provides an in-depth overview on the company?s equipment procurement procedures.

The best sales manager

A BE Mechanical Engineer with a total experience of over 15 years in construction equipment industry, Nilesh Borkar is the National Manager - Cranes in Kobelco Cranes India. Borkar started his carrier with Sanghvi Movers as a marketing engineer for rental of cranes and continued for 5 years

Heavy Lift Anablers

India has witnessed an influx of new software-assisted multiple application-specific boom configured heavy lifters. Despite the economic slowdown taking the wind out of the sail for the heavy lift cranes? suppliers

Volvo CE Revenue Up by 5%

Favorable currency developments and product mix, combined with ongoing efficiency measures have helped bolster Volvo Construction Equipment?s second quarter 2015 financial results, with the company posting a 5 per cent improvement in sales and its best profit margin for three years.

The driving force of milestones

Rudresh Basavarajappa, CEO and Chairman, Quest Informatics, holds a Degree in Computer Science and is a Certified Process Professional (CPP) and Certified Enterprise Architecture Professional (CEAP).

Making Equipment Tick

Machine tools play a crucial role in the manufacture of precision components, which enable the production of robust and reliable equipment. Without machine tools, no components or parts would exist.

Up & Moving

Volvo CE sales jump 10persantage in Q1

THE first three months of 2014 saw improved earnings on the back of higher sales at Volvo CE. With deliveries up and a new range of Tier 4 Final/Stage IV compliant models launched, the company saw most growth in mature markets. Much of the improvements during the period came from higher sales of smaller machines, while larger machine sales remained relatively subdued.

Growth comeback a far cry?

The HSBC India Purchasing Managers' Index (PMI) for April 2014 was at 51.3, unchanged from the previous month. The PMI is based on data from monthly survey of purchasing executives in over 500 manufacturing companies. What the PMI fails to reflect is the growth in new orders in the month of April. This may not point at a pick up in demand, or the return of growth.

Volvo Penta CPCB II Compliant Engines

By launching two 16-litre CPCB II diesel engines, Volvo Penta wants to leverage local strengths, reports Bhushan Mhapralkar.With the CPCB Stage II emission norms coming into force, Volvo Penta has launched two 16-litre diesel engines for generators in the 600 kVA and 650 kVA range. These engines add to the company?s range of CPCB II compliant engines that include a 7-litre, 250 kVA diesel engine. The engines find use with equipment makers.

Crawling Now, To Pick Up Soon?

Despite the muted demand due to lack of new projects in the power sector, the crawler cranes segment is expected to register good growth once the new projects are taken up after the general elections, writes Sudheer Vathiyath.India is a huge market for crawler cranes, especially higher capacity crawlers. This is mainly due to increasing demand in thermal power sector, nuclear power sector, steel plants, refinery expansions and wind power sector. However, the market has slowed down in the last tw

The major challenge we face is the lack of trained operators

Views from Kallol Mahalanabis, CEO, Taurian Engineering: We are developing a new range of crusher, which can provide the customer the cost benefit. It will be user-friendly as well. The product will be available in the market in a year.

Volvo Penta launches two new CPCB II compliant engines

With the CPCB Stage II emission norms coming into force, Volvo Penta has launched two 16-litre diesel engines for generators in the 600 kVA and 650 kVA range. These two new engines add to the company's range of CPCB II compliant engines that include a 7-litre,

Volvo CE shows 9 pc growth

A slowly recovering global market helped Volvo Construction Equipment round off 2013 with sales up by three per cent in the fourth quarter, deliveries up by nine per cent and an improved market share, especially in compact equipment, while demand in the mining segment remains soft. In the fourth quarter of 2013, Volvo CE reported that net sales increased by three per cent to SEK 13,005 compared to SEK 12,572 in the same period of the preceding year.

We believe in customers who believe in quality

We feel that India will grow and that is why we are here. The advantage we have is that our global leadership is concentrating to present better options for Indian markets, resulting which we have grown above Rs 1,000 crore in India. In spite of the slowdown,

Our green products save fuel and are more efficient

We not only have a factory but also have an engineering centre which is able to handle the requirements from the customer and design specific products, tailor-made for Indian customers

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Volvo CE net sales up

In the fourth quarter of 2013, Volvo CE reported a net sales increase by 3 per cent to SEK 13,005 compared to SEK 12,572 in the same period of the preceding year. When adjusted for currency movements, net sales increased further to six per cent. These improved figures are largely due to higher sales of smaller equipment, helping to boost deliveries by 9 per cent during the quarter.

Our products meet the stringent off-road Tier-4 emission norms.

We position ourselves as a premium player offering the lowest environmental impact and total cost of ownership with the help of technology, added with durability and reliability, says S Prabhakaran, Vice President - Industrial & Marine Power Systems Volvo Penta. Excerpts from the interview.

The Rupee Impact

The depreciation of the Indian rupee has had its adverse impact on the manufacturing sector, especially OEMs who import various components. To the extent possible, OEMs are trying to localise production, but that is just a part of it. What the industry is looking is for concrete measures that can bring life back into the economy and trigger growth in a sustainable way.

Our core competence lies in our fast after-sales service and flexible warrantee policy.

Friends Equipment, engaged in the sales and service of construction equipment, offers a wide range of products at a reasonable price along with spare parts supply. ?To be more close to our customer, we provide operation and maintenance services and the installation and dismantling services for the offered product, says Rajeev Kumar

We expect a huge spurt in demand for construction equipment from Q4 2014.

Low downtime of the machine is a major factor under consideration while buying new equipment. We have a very strong and focused after sale service with a very efficient and trained service staff. We are also looking into new initiatives like SAP enable part support in all our design and mobile service, says Anil Bhatia, Director Sales and Marketing

We will increase the value of our OTR tyre by developing the quality of our service.

Our goal is not just supplying the OTR tyre but providing the additional value for the custo?mers on top of the OTR tyre supply, says Tomio Fukuzumi, Managing Director, Bridgestone India, in an interview with Sudheer Vathiyath. Excerpts from the interview.

We plan to launch multi-functional man and material handling hoists at Excon 2013.

Spartan has always been a trendsetter in bringing hoists with world class designs and internati?onal safety features. Our multi-functionality approach to hoists has put us in the big league of innovative, value added products, says Vikram Mehta, Managing Director, Spartan Engine?ering. Excerpts from the interview.

Upgrading foundries to meet OEM needs

Competitive pressure from Chinese foundries, coupled with severe labour shortage for manual/semi-automatic foundries is now driving a continuous demand for upgrading of foundry technology and equipment, writes Satyanarayana VN.

The kind of service we provide ensures that we get repeat orders

We work closely with our customers and provide the best technology and integral consulting solutions for their projects. Our timely after sales, operation and maintenance services all keep us close to our customers, says Rajeev Kumar, Chief Executive Officer, Friends Equipment.

Dozco promises the outmost quality, reliability and timely after sales services

Dozco supplies hydraulic and rock breakers for excavators of any make from 2 tonne to 140 tonne. We also supply Pulverisers, to demolish concrete roofs, building and other geographical structures. Further, Dozco is also focused on the production of various types of chisels, the most important consumable of breakers.

BHL Continues to Rule the Roost

The world over, construction practices and methodologies determine the selection of the type of equipment, to a great extent. However, in India, backhoe loader (BHL) controls the lion's share of the total equipment sale; it is wheel loaders that dominate the Chinese CE market and crawler and mini excavators that control the European and American markets.

We strive for low levels of emissions and optimum fuel consumption.

We have incorporated the optimum engine working temperatures to minimise emission. These engines are fitted with high pressure rotary type fuel injections, IEGR, turbocharger and heavy-duty silencers to keep the emissions low, says Anil Bhatia, Director Sales and Marketing, Case India. Excerpts from the interview.

Our equipment are focused on better process management, time and cost saving.

By virtue of our acquisition of GIA AB and MEYCO in 2011 and 2013 subsequently, Atlas Copco is the preferred partner for major construction companies to complement their tunne?lling operations with shotcrete machines, locomotives, ventilation systems, conti?nuous loading machines, pipe-roofing and radial bolting system, grouting equipment.

Navigating through turbulent times

Overall slowdown in demand for new equipment, absence of new channels for the deployment of equipment compared to the overall availability, plummeting value of currency, lack of clarity on private coal blocks, highly depressed rental rates - all seems to have had its negative impact on the equipment finance segment.

Will elections energise the economy?

It seems that we are stuck in the same narrative, which is playing on a loop, told and retold over the past couple of years. The gist of that tale is: even though short-term prospects are not too bright, the slowdown and resultant sluggishness in the CE market is a temporary blip; the long-term growth prospects still look promising

OEMs are confident in our technical capabilities to deliver cost-effective solutions

We are working overtime with our OE customers and media supplier's to develop new high-efficiency and high-capacity filters which are a must for new generation engines as reduced clearances to meet stringent emission norms are putting extra pressure on much better contamination control,

Energy efficiency should be user-driven

Bucher Hydraulics is working glo?bally on three or four factors, to improve the safety, reliability, ene?rgy efficiency and overall lifecycle cost of the equipment. These are the main criteria in which direction Bucher Hydraulics R&D is working,

We are opening up a new greenfield facility only for batching plants

We want to be known as a complete concrete equipment solution provider; our target is to be among the top three players in India. We've quite a long way to go, and we need to widen our product range. Everything we do is pointed in that direction. Over the next years

Case gives lot of importance to training and developmental programmes.

Case India is gearing up, by investing in all areas of its operations, to provide best value to its customers with a comprehensive product range, says DK Narang, Managing Director, Case India. Excerpts from the interview.How do you assess the current market scenario for construction equipment in general and its growth potential in the coming years.

We aim to increase asset size by 65 per cent over the previous year

Fastest response time, large distribution and collection net?work coupled with high risk appetite and complete geographic, customer and asset classes' inclusion gives as an edge over competition in retail segment financing, says Pratap Paode, Chief Executive Officer, SEFC.

Manitowoc announces Q3 results

The Manitowoc Company reported sales of $955.7 million for the third quarter of 2012, an increase of 2.2 percent compared to sales of $935.4 million in the third quarter of 2011.The sales increase was primarily driven by a 4.9 percent increase in crane segment sales.

Manitowocs products are built to the highest possible standards

Manitowoc has more than a hundred years of experience in manufacturing cranes.Our global competence means we produce cranes of the highest quality that have a proven track record on an international scale.

We shall nearly double our net profit and increase asset size by 65% this year

We are certainly one of the largest FTU segment financers in the CE industry and nearly 65 per cent of our book holds FTU and small customers. This originates from our parent company's philosophy of empowering small customers and entrepreneurs, says Pratap Paode, Chief Executive Officer, Shriram Equipment Finance Company.

Sleipner contributes in the reduction of lifecycle costs of excavators

The undercarriage cost in excavator lifecycle is approximately 30 to 40 per cent, which is a significant maintenance cost. The use of Sleipner extends the life of the undercarriage by at least two to three times; apart from this, there is savings in fuel, says Abhinay Hatewar, Director - Business Development, Houtec Engineering & Services. Excerpts from the interview.

Rexroth has always been associated with complete solutions

Rexroth promotes a unique culture of innovation by means of a systematic product engi?neering process. With the high level of advisory skills in sales, Rexroth creates a clear added value for the customer, says BV Ramesh, Vice President - Sales Mobile Application, Bosch Rexroth, in a chat with EQUIPMENT INDIA.

Waiting for action

The infrastructure segment and sales figures for construction equipment have witnessed a major slowdown in 2012. On a calendar year basis, the market has dipped by 10-15 per cent, primarily on account of slowdown in allocation of new contracts, various statutory clearances on execution side, funds flow, governance and environmental issues in mining segment and real estate slowdown.

We have set up an independent service and repairs business

We are in the design stage to launch our service business with a lot of strength and power, and we are committed to support our customers fully,

Liebherr is open to feasible customised solutions...

When it comes to equipment selection, fuel and energy efficient parameters are con?si?dered to be the two major parameters that constitute the operating cost of a machine,

MAIT has a full-fledged training centre in Mumbai

MAIT rigs are versatile machines that can be used for bored piles, CFA, and diaphragm walls. MAIT also has a range of hydraulic impact hammers for driven precast piles as well as driven cast-in-situ piles, says DV Brahme, Regional Manager, MAIT India.

Waiting for the Rejig

The foundation has always been the starting point and the most important part of any project. The foundation industry in India though, is still struggling from lack of attention and want of new projects.

Caterpillar reports best quarter

Caterpillar Inc announced second-quarter 2012 profit per share of $2.54, an all-time quarterly record, and a 67-per cent increase from second-quarter 2011 profit per share of $1.52.

We provide extensive training to operators on the finer points of operation

The vision statement of Vev Ventures goes like this: To be a dependable distributor for con?struction equipment and attachment in the market,

We constantly monitor our products to ensure minimum downtime

We test our prototypes, in our chemical and electrical laboratory, to ensure that the specification set out by the customer is met, before we embark on regular production, says Shankar Swamy, Managing Partner, Sharana Industries.

There has been substantial scope of improvement in safety standards

Offering customised and opti?mised specifications at the most competitive prices and with the shortest delivery period makes us preferred choice of customers. We focus on continuous enhancement of manu?facturing and manpower resources,

Poised for Major Growth

The crane manufacturing industry has witnessed a phase of restructuring with several acquisitions and joint ventures resulting in considerable international influence in the quality and use of better technology in the industry.

Caterpillar Reports Best Quarter in History and Raises 2012 Profit Outlook

Caterpillar Inc. (NYSE: CAT) today announced second-quarter 2012 profit per share of $2.54, an all-time quarterly record, and a 67-percent increase from second-quarter 2011 profit per share of $1.52.

We expect to register over 50 per cent growth this fiscal

?We are fully prepared to meet the requirements of our customers not only in the concreting sector with our batching plants, truck mixers and concrete pumps but also in our new venture of piling rigs and vibro hammers as well.

Our 2020 vision is half-a-billion USD sales from India

?Our business model is very different by way of which we will be seen as a very different player altogether. We are bullish on that and we feel we are removing the pain points of our customers, too,? says Kamal Bali, Chief Executive & Managing Director, LeeBoy India.

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.

Bright Future

German mining equipment manufacturers set for record sales. German mining equipment manu?facturers expect a sales of almost EUR 5 billion, representing a 32 per cent sales growth for 2011.

Confidence Quotient

'Vision 2020: Commanding New Heights', a study on the CE industry by the Confederation of Indian Industry (CII) and the Indian Earthmoving and Construction Industry Association (IECIAL),

Srei registers 75% growth

Srei Infrastructure Finance has recorded a 65 percent rise in its consolidated total income and 31 percent growth in its consolidated disbursement during the quarter ended September, 2011 to Rs 588 crore and Rs 4,401 crore respectively as compared to same quarter performance last fiscal.

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