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Liebherr tower cranes renovate bridge in Spain

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

Sany Bharat fortifies presence at Intermat

showcased mini, small and medium excavators to an eclectic crowd

Significant boost in turnover of Liebherr in 2021

In 2021, the Liebherr Group achieved a turnover of Euro 11,639 million. Compared to the previous year, the company posted an overall increase of Euro 1,298 million or 12.6 per cent.

BKT to focus on mining products at excon

BKT, the Indian multinational group and a global player in the off-highway tyre market, is all set to cross a billion dollars this year with India contributing 20 per cent and exports of 80 per cent.

Liebherr T 274 – the new 305 t mining truck

Liebherr is extending its product offering with the T 274, a class-leading 305 t / 336 tons haul truck. This new truck bridges the gap between the highly successful T 284 (363 t / 400 tons) and the upgraded T 264 (240 t / 265 tonne).

Liebherr achieves over Euro 10 bn in annual turnover

Despite the modest slowdown of the global economy, Liebherr registered a strong volume of orders in the first quarter of 2020. Starting at the end of the first quarter, the coronavirus pandemic began to affect business activities in many markets.

Liebherr achieves over Euro 10 bn in annual turnover

In 2020, the Liebherr Group achieved a turnover of Euro 10,341 million. Compared to the previous year, the company posted a decline of Euro 1,409 million, or 12%.

Govt to auction 5 mineral blocks

The government will auction five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes.

BKT showcases tyres for underground mining

At the recently concluded CIM 2017 Convention held at the Palais de Congr?s in Montreal, Canada, BKT displayed the Earthmax SR 55 as well as presented the SM 55 Arashield technology specially designed for underground mining operations.

Industry?s Take

In India, largely the coal produced is consumed locally, and not exported. Coal India is not able to reach their target of coal production. For higher production and for meeting the target, they need good machines.

Liebherr Group generates record sales in 2015

Provisional figures show total sales revenue of ? 9,248 million for the Liebherr Group in 2015. That is the highest revenue that the Group has ever achieved in its history. Year on year, it represents an increase of ? 425 million or 4.8 per cent.

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

Liebherr to showcase at Bauma China

At Bauma China 2014, the Liebherr Group will showcase the latest technologies and developments in the construction machinery and components segments from 25-28

Cat 424B Backhoe Loader

Caterpillar India has announced the launch of its new backhoe loader. Over the past few years, the Cat-? 424B backhoe loader designed for the Indian market

Caterpillar launches new backhoe

Caterpillar India today launched its new backhoe loader at the Chennai Trade Centre. Over the past few years, the Cat? 424B Backhoe Loader designed for the India market and customer requirements has been recognized as best in class performance, productivity and durability.

TIPL acquires Caterpillar Global Mining

With the acquisition of the expanded Cat? mining support business, TIPL will now be responsible for the complete Caterpillar mining product line, including the former Bucyrus-branded surface and underground machines for customers in northern and eastern India.

Gmmco to purchase part of Cat mining distribution

GMMCO has acquired the expanded Cat mining product line distribution and support business for its territories from Caterpillar Global Mining LLC. Gmmco is the authorised Caterpillar dealer in West, Central and Southern India. ?As one of the major mining equipment players in India, we at Gmmco are delighted to take over the expanded mining product business.

GMMCO to purchase part of the Expanded Cat Mining Distribution Business from Caterpillar

GMMCO, Chennai, India, and Caterpillar today announced that GMMCO has acquired from Caterpillar Global Mining LLC the expanded Cat mining product line distribution and support business for its territories. GMMCO is the authorized Caterpillar dealer in West, Central and Southern India.

Liebherr's construction, mining revenues up

Liebherr has reported construction and mining revenues for 2012 of ?5.9 billion, up 9 per cent year-on-year. The result was fuelled by a 28 per cent jump in revenues from the mining division to ?1.3 billion, while revenues from the mobile crane division also recovered after falling last year.

International Mining & Machinery Exhibition

The Indian mining sector will emerge stronger with a better and more transparent mining policy and according to McKinsey Report, the metals and mining sector can contribute to $150 billion per annum to GDP.The two day international conference ?Global Mining Summit? kick-started alongside the four day International Mining & Machinery Exhibition with a specific focus on exploration, technology, policy frameworks and emerging business opportunities in the Indian mining and coal sectors.

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.

Solid Performance

The new Cat 770G and Cat 772G off-highway trucks deliver solid performance and superior reliability and durability. The new Cat? 770G off-highway truck is a 40-tonne class model designed and built for demanding construction, quarry and mining applications.

Liebherr is investing in skilled personnel and adequate warehousing

Our prime focus is on R9100 which is a 100-tonne class excavator which we will launch here in 2012. For large mining excavators from 26-42 cu m, we will be waiting for a perfect opportunity to launch in India, says Koenig Holger, Director, Liebherr India. 1 - - 23450 14 162 2012-01-01 00:00:00.000 Equipment India We see huge potential for tower crane business We are not only improving the productivity efficiency and effectiveness of the tower crane domain, but also improving the safety aspect on a human angle," says Rajesh Sharma, Vice President, Marketing, Escorts, in an exclusive chat with Equipment India. Excerpts from the interview.

How do you look at the performance of the Indian construction equipment market in 2011?
Definitely, 2011 is a growth year if you compare it with the sales in 2010. In 2010, the industry size all put together was about Rs 16,500 crore and in 2011 it is about Rs 18,500 crore. In that way growth has happened. Now the growth will not be seen for all kinds of equipment. Equipment market is a derived market. It depends on the activity. If there is a particular kind of activity which suits particular kind of equipment then that equipment will sell more in that year. So I would say that the growth rate has been in the range of 10-25 per cent across the equipment spectrum.

How did Escorts perform in 2011?
Our fiscal is from October to September, during which, we have grown by 41 per cent. The growth has been across the product spectrum. If look at it all the num?bers have grown and growth has been achieved holistically. If take individually, compactors segment has remained stagnant and very limited growth has happened because road activity was slow. All the rem?aining segments have grown beautifully.

Could you describe the partnership with Linden Comansa?
This partnership is an year old now. Last year, we had signed exclusive distribution agreement with them for Indian market. They are the mentors for tower cranes and our strength of distribution and developing skills in the market matched quite well.

What made you to venture into tower cranes?
In terms of growth opportunity we see a huge potential for tower crane business both in the real estate segment as well as industrial infrastructure. Real estate inve?stment is $16 billion which we think will go up to $24 billion by 2015. And industrial infrastructure is largely on the power side. A lot of activity will happen on nuclear power plant and hydel plant and these kinds of cranes are required. The usual small cranes cannot do the job. So believing this and looking at what happened across the world we thought there was huge potential for this and is why we entered tower crane business.

We are partners with Linden Comansa because they are the most technologically innovative company around. There was a lot of gap between what is available in India and what the world was using. Currently, the use of tower cranes is much lower and much basic in terms of technology. Flat top is what the world is getting towards so this was the right product to get into.

You said this partnership is not just for business sake but for solution providing. Kindly explain.
As a responsible supplier who has been known to be a pioneer in some field or other, it is our responsibility that we always try to push technology datum enveloped in the industry towards upward. This is one step towards that direction. We are not only improving the productivity efficiency and effecti?veness of the tower crane domain, but also improving the safety aspect on a human angle.

What kind of business are you looking at in the coming years?
We have already taken sizeable chunk of high-end market in the very first year. But the numbers have been really low like the size of high end market is small. By 2015 we want to sell about 200 machines. Construction equipment industry in the last ten years has been doubling itself every fourth year. Even if you see 250 numbers doubling to 500-600 numbers and we are aspiring for 200 numbers is not out of sync.

What is the advantage of these cranes as far as investment is concerned?
It is a product which has a very long life of 30-35 years which is exceptional in the construction equipment, so you can amo?rtise your investment over a longer period of years. The kind of rental market for tower cranes hardly exists in the country. But, if other assets get about 4 per cent a month, this will get 6 per cent rental a month in the market. Return on investment for a small hirer who is buying this equip?ment also makes it an economic case.

What are your plans to take this initiative forward in the coming years?
As far as the Escorts-Komansa tie-up is concerned, we need to focus more on communicating the technological adva?ntage and translating the equipment advantage into real perfo?rmance. That will happen by training people. That is why I declared that from December onwards we will be having a new training vertical in our school in Bengaluru which will be focussing only on tower cranes. Other products are happening but the new verticals will be open for tower cranes where we will be training people for operation maintenance and the optimum utilisation of the asset which is very important. We have already sent people for training and they have been trained by them and these are the people who will train them further.

How important is trained manpower?
We have emphasis on training. It is not only done for leveraging the marketing but also helping the industry and the country. Every business runs on what you are doing for the customer. If you are distributing well and you are having trained manpower in the country you have done great service to the customer. Equipment hardware is very easy to make. These two aspects are very important.

How do you see the competition in tower cranes?
There are already 12 players for tower cranes. But most of them are competing for the lower segment of the market. To be a player of a high segment, you need technological depth which they do not have. They have seen a Chinese crane and they made it and are selling in India. That is not going to do much favour in the long term. In the long term you need technological depth and innovativeness in terms of creating a shift from product selling to solution selling. This is entirely about solution selling.

How is the rental market for these cranes?
Hiring segment in the country is very decentralised and fragmented. Only two companies of large size are operating in India but they are not very effective. We have large populous of customers who are buying one or two equipment and are working in the close proximity and locality. They are not pan-India players. So Indian hiring industries are not organised as what we see in Europe and the US. When you have such a scenario people tend to invest in those
assets which are not high in value. Tower crane hiring will take some time to come around.

The high initial cost and then it is giving returns for 30 years and they are not mobile equipment. So these small hiring companies may no tend to get into it immediately. But as the time comes it will increase more and more. They buy assets depending upon what is demanded by the market.

What are your plans for 2012 and beyond?
Last year we achieved about 40 per cent growth and this year we are aiming at bettering that. We are very hopeful that we will be able to do that. We have a lot of new products in our armour both on the manufacturing and training site and I am sure we will be able to do that.

Are you planning to venture into other equipment segments?
We have a lot of opportunity in the verticals what we operate in. In crane side we almost have everything. On road construction side we only have compaction equipment and now we have added motor graders. There are many more we can add in that segment. Similarly moving north side we have backhoe loader. There are many products where we are not there and we can get into that later.

Caterpillar to open unit in Thailand

Caterpillar has announced that it plans to open a new manufacturing facility in Thailand.

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