Liebherr tower cranes renovate bridge in Spain

The company finished the 2023 business year with a record revenue of Euro 14,042 mn.

Ferronordic acquires Volvo CE's largest US dealer

Ferronordic, a Volvo Construction Equipment dealer with 28 locations in Germany and Kazakhstan, is expanding into the U.S. market with its purchase of Rudd Equipment Company.

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.

Komatsu India committed to a future of sustainable growth

The company is targeting to be carbon-neutral by 2050

Komatsu India committed to a future of sustainable growth

Komatsu is targeting to be carbon-neutral by 2050

The demand for high-capacity equipment is increasing day by day

Amit Banerjee, Chairman and Managing Director, BEML, shares the outlook for the Indian mining industry, and the sectors that will drive the demand in the mining sector.

L&T named second strongest global engineering and construction brand

L&T achieved a significant improvement in its brand strength, with its Brand Strength Index (BSI) increasing by 7.1 points, to 83.9 out of 100, with a corresponding rating of AAA.

Adani acquires Rs 5,000 cr slum redevelopment project on RTO land

Portsmount Buildcon an Adani Group company has taken over a Rs 5000 crore slum redevelopment project on Rent-To-Own (RTO) property in Andheri (west)

CNH Construction division posts best first quarter in a decade

CNH Industrial’s construction equipment division reported its most profitable first quarter in over a decade

Semiconductor shortage to hamper ce industry

Global semiconductor shortages may curtail new equipment production,resulting in higher used equipment prices.

Goodyear India income up 131% in Q1FY2022

The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.

Domestic road transportation sector rebounds

The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes

Tata Motors launches India’s first 3-axle 6x2 truck

Tata Motors launched its latest offering in M&HCV segment – the Tata Signa 3118.T – India’s first 3-axle 6x2 (10 wheeler) rigid truck with 31 tonnes Gross Vehicle Weight (GVW).

Piaggio launches the Ape’ Electrik FX range of electric vehicles

A range of fixed battery Electric 3 wheelers powered by advanced Lithium-Ion Smart- batteries is set to revolutionise the last-mile mobility in India.

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt retired from his office on June 30, 2020. “Trade fairs are my life,” said the outgoing CEO. “What we have built up together with my team over all those years benefits the company today.

Mahindra launches Sarpanch Plus tractor series in Maharashtrasolution

Mahindra’s Farm Equipment Sector recently introduced its new Sarpanch Plus range of tractors in Maharashtra, the 575 Sarpanch Plus, an upgrade of its popular 575 Sarpanch. The new series offers models spanning multiple HP-points in the 30 HP (22.37kW) to 50 HP (37.28kW) category.

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt will now resign from his office on June 30, 2020

Mahindra launches Sarpanch Plus tractor series in Maharashtra

Mahindra’s Farm Equipment Sector recently introduced its new Sarpanch Plus range of tractors in Maharashtra, the 575 Sarpanch Plus, an upgrade of its popular 575 Sarpanch

Zoomlion delivers best operating performance in 2019

Zoomlion Heavy Industry Science & Technology Co (Zoomlion) has reported a 116.42 per cent increase in profit of RMB 4.371 billion ($616.18 million) for the year ending December 31, 2019, according to its annual report released on March 30, 2020.

Mahindra BLAZO X range receive BS6 homologation certificate

Mahindra Truck and Bus (MTB) received the BS6 homologation certification for its BLAZO X heavy commercial vehicle range from the Central Institute of Road Transport (CIRT).

We proactively pursue when it comes to adopting digital technologies

As a major player in heavy-duty mobile cranes market in India, TIL has consolidated its presence over the years.

ICRA revises outlook on CE sales negative

Industry volumes have contracted by 16 per cent in the key product categories of backhoe loaders, excavators and wheeled loaders.

ICRA sees negative outlook on CE sales

Following a sharp correction in unit sales amidst slowing economic growth and infrastructure investments, both by the public and private sector; and tight liquidity environment, ICRA has revised the outlook on the construction equipment (CE) sector to negative.

LANXESS reports stable second quarter results

Specialty chemicals company LANXESS is on track despite the weaker economy and geopolitical uncertainties and can look back on a stable second quarter.

Mahindra Unveils New ICV Range

Mahindra's Truck and Bus Division (MTBD) unveiled the FURIO, its brand new range of Intermediate Commercial Vehicles (ICVs).

Bigger Digger

Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.

Looking for new growth avenues

The growth of crawler cranes market is stagnant with lagging demand from heavy lift applications. However, the market is expected to bounce back with the demand for medium capacity lift applications from the upcoming infrastructure development projects.

Good transshipment facilities will drive port sector growth

In spite of the vast coastline and more port facilities across the coastline, India is still lagging behind many ports in the region in cargo handling efficiency. Anil Bhatia, Vice President - Sales & Marketing, TIL, elaborates on the market scenario and outlook.

Mahindra launches BLAZO X range of HCV trucks

Mahindra Truck and Bus (MTB) introduced the BLAZO X, HCV range of trucks, an upgrade of its popular BLAZO trucks.

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).

Mahindra unveils new ICV range

Mahindra's Truck and Bus Division (MTBD) unveiled the FURIO, its brand new range of Intermediate Commercial Vehicles (ICVs). FURIO marks the company's entry into the ICV segment and is set to make Mahindra a full range commercial vehicle player.

Mahindra unveils new ICV range

Mahindra?s Truck and Bus Division (MTBD) unveiled the FURIO, its brand new range of Intermediate Commercial Vehicles (ICVs). FURIO marks the company?s entry into the ICV segment and is set to make Mahindra a full range commercial vehicle player.

Donaldson reports strong sales growth

Donaldson Company, Inc announced third quarter 2018 net earnings of $69.9 million, compared with net earnings of $60.1 million in the previous year. Third quarter GAAP earnings per share increased 17.8 per cent to $0.53 in 2018 from $0.45 in 2017.

Wacker Neuson reports success in 2017

The global light and compact equipment manufacturer Wacker Neuson reported a significant rise in revenue and earnings for 2017 compared to the previous year and was able to achieve the goals set by the company.

Mahindra introduces service offerings for BLAZO truck owners

Mahindra Truck & Bus Division (MTBD) introduced a set of industry first service offerings for the truck owners. The company has set a new benchmark by promising the lowest cost of ownership in the trucking industry.

Our trucks come with fuel smart technology

We have presented a sort of one Mahindra family here. In terms of construction equipment, we have showcased backhoe loaders and graders. As for commercial vehicles, the display includes BLAZO 25 Tipper, BLAZO 31 Tipper, BLAZO 31 Transit Mixer along with DI3200 Jayo Fuel Dispenser.

IPF Industrial Excellence Awards 2017

In its second year, the awards recognised people, processes and products that drive the industry forward to achieve success in a competitive market.

Wacker Neuson Group reports strong Q2 results

he Wacker Neuson Group reported record revenue of EUR 425.2 million for the second quarter of 2017 (Q2 2017). This corresponds to an increase of 11 per cent relative to the previous year (Q2/2016: EUR 381.4 million).

We are poised to develop products for construction equipment applications

Prospect Engineering Works (PEW) is engaged in manufacturing, distribution and export of various types of clamps and couplings under the brand name 'JOLLY'. In an in-depth interview with EQUIPMENT INDIA, Ashish Anant Apte, Managing Partner, PEW, shares more on the mantra behind the power that is driving the company's scorching growth story.

Volvo CE posts improved performance in Q4

Volvo Construction Equipment registered a strong performance by the end of 2016, with market share gains in the larger, more profitable machine segments and net order intake increased by 35 per cent, while deliveries were up by 19 per cent to 10,639 machines.

Volvo CE sees improved performance in Q4

Kato acquires IHI division

IHI Corporation (IHI) announced that it has agreed to transfer all the shares in its wholly owned IHI Construction Machinery Ltd to Kato Works Co. Ltd. The decision is in keeping with IHI Group Management Policies 2016, which adopted a new portfolio management approach to reinforce IHI?s earnings base.

Kato acquires IHI Construction Machinery

IHI Corporation (IHI) announced that it has agreed to transfer all the shares in its wholly-owned IHI Construction Machinery Ltd to Kato Works Co. Ltd. The decision is in keeping with IHI Group Management Policies 2016, which adopted a new portfolio management approach to reinforce IHI?s earnings base.

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.

National Capital Goods Policy 2016

The National Capital Goods Policy 2016 has been the talking point for some time now. It is a policy that is not short on intent. It is conclusive but not entirely comprehensive. Some critical elements have been surprisingly left out.

Palfinger posts revenue growth

Palfinger Group has posted a revenue growth of 10.7 per cent in the first quarter of 2015 at ?292.3 million.

Cummins Q4 revenue up

Cummins Inc reported results for the fourth quarter and full year of 2014. Fourth quarter revenue was $5.1 billion, an increase of 11 per cent from the same quarter in 2013.

Excavators to Dominate

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold.

Donaldson completes acquisition

Donaldson Company has completed the previously-announced acquisition of Northern Technical LLC, a manufacturer of gas turbine inlet air filtration systems and replacement filters.

Haulotte posts double-digit growth

Haulottes revenues for the first half of the year were up 17.6 per cent to ?207 million ($269 million).

Deutz posts revenue growth

Deutz has posted a revenue growth of 13.8 per cent for the first half of the year at ?753 million ($1.02 billion). It sold 99,079 engines in the first six months of 2014, a 15.3 per cent increase on the first half figure of 85,097 in 2013.

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.

Palfinger revenue up

Austria-based Palfinger?s revenue increased by 18.5 per cent in the first quarter of 2014 to -?267.6 million, as a result of strong demand from the European markets. Earnings before interest and tax (EBIT) rose 11.3 per cent to -?20.1 million.

Excavators Ready to Ride the Slump

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold. Now, the shrinking market and intense competition have forced OEMs to focus more on value additions. Concepts like low lifecycle cost, faster ROIs, lowest cost per tonne all have made it imperative for OEMs to innovate, both on the product design and service fronts. Agith G Antony takes a peek at the prevailing t

Doosan has a focused approach towards production plans.

We offer products which can work in all applications because of our heavy-duty designs incorporated in the entire range, lowest operating cost per tonne, best up-time of machines and best longevity, says S Manjunath, General Manager ? Sales, Doosan Infracore India. Excerpts of the interview.

Widening its presence

The fuel economy Kobelco offers continues to be a benchmark, and its technological innovations help the customer achieve higher production levels leading to substantial savings on one side and higher earnings on the other.

We are committed to supporting more customers and agri-business sector in India.

New Holland, a world leading agricultural equipment brand and a part of CNH Industrial after the recent merger of CNH Global and Fiat Industrial, offers the widest range of tractors and farm machinery to suit the needs of every farmer and contractor. It is one of the most awarded brands for ground-breaking and accessible technology which improves farming efficiency and productivity. Its local base, New Holland Fiat India (NHFI), currently offers technologically superior range of 32 HP to 90 HP t

Match 24/28 at IFEX 2014

DISA has launched another horizontal flaskless moulding machine at IFEX.DISA India has launched another ?Made in India? horizontal flaskless moulding machine, the DISA Match 24/28. The product was displayed at IFEX 2014. Other pioneering products from DISA included the DISA Core 20 FP automatic mould handling system suitable for the medium and large DISA Match machines and the Wheelabrator Saturn HD wheel. ?We at DISA India are proud to have launched this exciting product at IFEX this year.

The growth of road equipment segment will be about 15 per cent by 2017

Last year, we took an aggressive approach with the launching of new products in spite of the recession. The objective was to be prepared and match customer expectations and take a chunk of market share when the economy turns around, says R Nandagopal, Chief Executive Officer, Construction Equipment Business, Greaves Cotton. Excerpts of the interview.

Manitowoc Cranes revenue up

Manitowoc?s revenue for cranes segment was up 3.3 per cent to $2.5 billion in 2013 compared to $2.4 billion in 2012. Operating earnings increased $48.3 million (28.3 per cent) and the operating margin was up 170 basis points to 8.7 per cent for 2013. In the fourth quarter, however, while orders were way up, crane sales were down. Orders at $707 million, were 30 per cent higher than the fourth quarter of 2012. Order backlog for cranes was $574 million on 31 December 2013, a decrease of $182 milli

Cummins reports growth

Cummins has announced the fourth-quarter (Q4) results for 2013, reporting a 7 per cent increase in Q4 revenue and a flat full year revenue year-over-year. The company attributes the year-over-year increase to higher revenues in North America, China and Brazil partially offset by weaker sales in Mexico, India and Australia. Earnings before interest and taxes (EBIT) were $566 million for the Q4 (12.3 per cent of sales).

Escorts to focus on high-end products

Aiming at improving its earnings profile, Escorts is now redefining market share by focusing on higher-priced products. The company is also planning to prune cost, align company's parameters with that of the industry, and carve out a pan-India presence for itself. Escorts has exited low-margin business of tractors up to 30 hp and concentrated on the higher margin segment between 30 hp and 60 hp, and plans to top the 50 hp-plus segment.

Leyland Deere Unveils the 435E BHL

The new 435E backhoe delivers superior value by addressing a customer?s core needs of higher fuel efficiency, superior reliability and durability, greater machine uptime and lower operating cost.Ashok Leyland John Deere Construction Equipment Company, a joint venture between Ashok Leyland and John Deere, unveiled the 435E backhoe loader (BHL) at Excon 2013.

Manitowoc posts double-digit growth in Q3

The third-quarter 2013 net sales in Manitowoc?s crane segment were $612.6 million, up 10.4 per cent from $555.1 million in the third quarter of 2012. Primary drivers were continued growth in the Americas and in crawler crane sales.

Leyland Deere unveils the new 435E BHL in the country

Offers best-in-class fuel efficiency and operating cost for first time usersAshok Leyland John Deere Construction Equipment Company Pvt. Ltd., a joint venture between Ashok Leyland and John Deere, unveiled the 435E Backhoe Loader (BHL) at EXCON today.

Innovations from MB

MB is launching two smaller buckets, the MB-S 10 screening bucket and the MB-C 50 crusher bucket. The year 2013 has begun with two very interesting innovations in the form of two small treasures that complete the wide range of MB products:

Mahindra unveils Maxximo Plus

The newly launched Maxximo Plus mini truck comes with simple-to-use fuel smart technology. Mahindra & Mahindra, part of the $15.9- billion Mahindra Group, announced the launch of the new Maxximo Plus,

Volvo CE sales up by 15%

Continued momentum in most markets reinforced a self-assured quarter for Volvo Construction Equipment (Volvo CE), one that saw the company post strong earnings and strengthen its position in the Chinese wheel loader and excavator market.

Doosan has plans to set up a manufacturing facility in India

Doosan is specialised in hydraulics and engines for its heavy line of equipment. Developed with in-house technology, Doosan?s heavy equi?p?ment has always proven to be truly efficient while benefiting the Indian market with current fuel quality,

The Big Ones Get Better

Sales of crawler excavators, which grew until 2008, declined by 20 per cent in 2009 but recovered strongly to 11,453 units in 2010, a growth of 44 per cent.

M&M brought to India first the telematics in backhoe loaders

The Mahindra EarthMaster back?hoe loader is designed for effi?cacy in today?s competitive sce?nario. The EarthMaster allows the cus?to??mer to do his work with higher productivity because of its third gene?ration hydraulic system which allows operator to operate the boom, dipper and bucket at the same time.

Manitowoc Crane Care is a huge differentiator

We focus on cost of ownership for our customers and onsite productivity. That means high quality manufacturing, backed up with the best customer support to ensure our cranes can keep working at their optimum productivity for as long as possible,? says Prem Naithani, National Sales Manager, Mobile and Crawler Cranes, Manitowoc Cranes India.

Caterpillar brand is synonymous with durability and reliability

Our cusomer support agreements (CSA) deliver the highest asset uptime and lowest cost of operation over the entire product life cycle, says Subir Bhattacharyya, Advisor - TIPL. 0 - - 16259 14 102 2011-06-01 00:00:00.000 Equipment India ACE is in the process of doubling the capacity

We are focusing on backward integration especially in-house fabrication with specialised strengthened steel, says Jitendra Sharma, Chief Executive Officer, Action Construction Equipment. Excerpts from the interview.

What is the demandsupply scenario for backhoes in India? What is the market share of ACE for backhoes in India and growth envisaged?
As of now, the demand-supply is at equilibrium. ACE has focused in this segment and is targeting to capture 15 per cent market share by 2012 with approximately doubling the growth in next three years.

What is the market potential for backhoes in India in terms of volume and value? What are the growth enablers?
The market potential is around 22,000 units as per the past trend, value wise it touches around Rs 4,000 crore. India is focusing on infrastructure development in a big way like China and other developing countries and many MNCs in tie-up with Indian companies are moving into the segment. Also, timely completion of the projects will play a major role for enhancement of the potential.

Could you tell us about the range offered by ACE and their features?
We offer basically two models with different variants, the first one is a common 76-hp two-wheel drive, and the other is 96-hp four-wheel drive model. In addition, we have various combinations and optional attachments which can be added or removed depending on the application of a backhoe loader. ACE is focusing on backward integration especially in-house fabrication with specialised strengthened steel. This is a strength for producing best quality with competitive pricing, and also marching with new patterns like BS III compatible engine as per the requirement.

What is the existing manufacturing capacity for backhoes?
ACE has a capacity of manufacturing 200 units per month and is in the process of enhancing the same to nearly 400 units per month in the near future.

Which segment contributes maximum share for backhoes in India?
Plant hirers comprise around 6570 per cent of the market.

What is the rental scenario for these products?
One can anywhere rent out a machine on an average of Rs 600800 per hour and if rented on a monthly basis, one can generate Rs 70,00080,000 per month with a fixed expense of around Rs 20,000 per machine.

What is the RoI on a backhoe?
The machine if purchased on a loan recovers its cost in three years excluding an average monthly income of Rs 20,000.

Tell us about the attachments offered along with backhoe?
We offer various attachments namely forklift, 6-in-1 clam shovel, ripper tooth, rock breaker etc. Various bucket sizes are also available for different applications.

How do you look at the competition in this segment?
With more and more companies entering in the segment, the competition has become fierce as well as interesting. But, since ACE's USP is better quality at a right and highly reasonable price, we are sure we will be looking for big results in a short span of time. Nevertheless, we are confident about our well established sales and service network spread across India, and service being a major issue of concern, we will leave competition far behind.

How do you look at the replacement/repowering market for the units sold which are not complying with Bharat Stage III norms?
Engine manufactures have already worked on this and government regulations have to be complied with. A plan is being chalked out to ensure the required modification, but practically it may take some time to get the work accomplished.

Could you brief us on ACE's strength in training and service network?
ACE has already been rated as the fastest growing construction equipment company. With enhancement in product range as well as capacities, the company has already chalked out a detailed programme to ensure not only to retain the present training and service status but to enhance the same for betterment to the level of perfection and entire satisfaction of the customers. New training centres with all modern facilities and best expertise available in the market is going to be utilised. Train the trainer programme and continuous and vigorous training camps supported by seminars will be the part of the continuous process for the same. Also in this line, we already run a residential training school for service engineers and operators with a capacity of 30 candidates in one batch.

Cummins poised for growth

Cummins Inc expects significant sales and profit growth in 2011 and beyond as it takes advantage of a number of long-term global economic trends and the recovery of key US markets.

LiuGong posts record sales

LiuGong Machinery Corp, the leading global China-based heavy construction equipment manufacturer, continues its juggernaut-like growth, posting record sales, profits and export volumes during the first half of 2010, company officials reported.