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Best Power Equipments marks its 23rd anniversary

BPE products are unique both for monolithic and modular ratings of UPS

Hyundai CE expands production

Hyundai Construction Equipment is investing $170 million into its Ulsan, South Korea plant over the next four years.

Vedanta rolls out lucrative scheme for MSMEs under ‘Saathi’ programme

Vedanta, India’s leading producer of metals and oil and gas, has rolled out an attractive promotional scheme for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of the World MSME Week.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

The M&HCV tipper trucks segment continues to look positive

RT Wasan, Vice President, Product Line, M&HCV, Tata Motors, elaborates on the company strategy in the Covid-impacted market scenario.

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

Liebherr to start new logistics centre

Liebherr-Hydraulikbagger GmbH has invested in a new logistics centre for production at the premises in Kirchdorf. With the aim of healthy company growth, the company pursues the strategy of improving its work processes and increasing its customer focus.

Hyundai Heavy Industries to spin off CE division

Hyundai Heavy Industries Co has separated its Construction Equipment (CE) division into a new company, Hyundai Construction Equipment Co., Ltd. According to the company, the spin-off is based on a restructuring plan which was started last year. For the CE division this spin-off offers great possibilities and an improved agility.

Bosch registers 7.2percent growth in gross sales and income

Bosch posted gross sales and income from operations of Rs 2,811 crore in Quarter 3 of financial year 2016-17, registering a 7.2 per cent increase over the same period of the previous year.

Yanmar ViO25 proves ideal for road construction in urban areas

A 2.5 ton Zero Tail Swing Yanmar mini-excavator helps restructuring the Nikolai Quartier in Hamburg?s city centre. With its compact dimensions, the ViO25 is the ideal choice for working in the restricted space of the downtown area.

Global Meltdown in Mining

Market analysts and mining equipment majors like Caterpillar and JCB predict a meltdown in the global mining sector and have announced plans for downsizing their organisations by cutting up to 10,000 jobs

CAT to cut 10,000 jobs

According to reports, Caterpillar is planning to cut 10,000 jobs through 2018

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.

Ashok Leyland bags order worth $82 million from Senegal

Ashok Leyland has won an order for buses worth $82.06 million from Senegal towards building their integrated transportation system. The order is to supply 475 buses. Vinod Dasari, Managing Director, Ashok Leyland said, ?This order builds company?s momentum in African region, not only for supply of buses but be partners in progress, contributing to the restructuring of Senegal?s transport sector.?

Flat Q1 sales for Sandvik Construction

Sandvik Construction had sales of SEK 2.14 billion ($254 million) in the first quarter of the year.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

A strong leader

BALAJI V, CEO, Allcargo Logistics, is a Graduate from Chennai University with specialisation in logistics and supply chain from IIM, Bangalore.

8,500 km by March 2015: How Realistic is the Target?

The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,

Coal Ministry to take up restructuring of Coal India Ltd

The coal ministry has prepared action plan for restructuring of state-owned Coal India Ltd (CIL). This is to improve overall operational efficiency of the company. CIL has seven subsidiaries. The company has missed the coal production targets in 2013-14. While considering the restructuring issue, the government is likely to increase the delegation of powers to all the CIL subsidiaries.

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).

Streamlining the mining process

The year that went by - in fact, the last two years - put the country?s mining sector through one of its toughest tests. The Supreme Court ban on iron ore mining in Karnataka in 2011 and in Goa in 2012, alongside the Coalgate scams and environmental restrictions severely impacted this sector, and led to a considerable dent in the growth of the CE sector during this period.

Court nod to Vedanta for merger of Sesa Goa, Sterlite

Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court in India approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets.

Govt to hire consultant to restructure Coal India

Government is in the process of hiring an external consultant to advise on the restructuring of Coal India (CIL) for a long term sustainability roadmap. The government is learnt to have shortlisted nine consultants for the purpose. Meanwhile, agency reports quoted Coal Minister Prakash Jaiswal as saying that he was not in favour of splitting the state-run CIL. The minister has reportedly said

GMR ready to re-take road project if govt cuts premium

GMR Infrastructure now says that it is ready to take up the 555-km Kishangarh-Udaipur-Ahmedabad highway project again if there is a cut in the initial premium it owes to the government. GMR had withdrawn from the Rs 5,700 crore highway project owing to inconsistencies on environment clearance.

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.

Powerscreen appoints new Russia dealer

Powerscreen has annou?nced a restructuring of its distribution channel in Russia with the appointment of one dealer covering all of the European part of Russia, including Federal Districts 1, 2, 3, 4 and the Sverdlovsk and Chelyabinsk Oblasts.

Sandvik appoints new head for India

Ajay Sambrani has been appointed as the new Country Head, India at Sandvik Asia, the Indian subsidiary of the $13 billion Sandvik Group. He was earlier appointed as President, Sandvik Materials Technology at Sandvik Asia in January this year

Equipment Rental: Rentals Moving Up

Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.

We plan to achieve a turnover of Rs 10,000 crore by 2016-17

We have plans in place for over Rs 1,000-crore capex in the next five years that include our expan?sion projects, modernisation, new ventures and acquisitions," states V RS Natrajan, Chairman & Managing Director, BEML.

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