The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.
Ammann Group Switzerland has announced that effective June 19, 2020, Ammann India has become a 100 per cent owned subsidiary of the Group.
Schwing Stetter India announced the retirement of Anand Sundaresan, Vice-Chairman and Managing Director of the company and a pioneer in the concreting and manufacturing industry.
SCHWING Stetter India, one of the leading concrete equipment manufacturers in India, announced its plans to set up a new manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu (TN) which is 60 km away from its existing facilities.
Schwing Stetter India announced its partnership with Mahindra Powerol to launch its new premium variant of concrete truck mixer series, 'Super Six'. In an industry-first initiative, Schwing Stetter and Mahindra Powerol have joined hands to launch this fuel-efficient product.
Schwing Stetter India announced its partnership with Mahindra Powerol to launch its new premium variant of concrete truck mixers, Super Six. In an industry-first initiative, Schwing Stetter and Mahindra Powerol have joined hands to launch this fuel-efficient product.
The construction equipment (CE) sector saw a growth of 25-30 per cent during the August-September period this year, according to the CII Excon 2017 member Anand Sundaresan.
At the 11th governing body meeting of the Infrastructure Equipment Skill Council (IESC) held recently, Anand Sundaresan, Vice-Chairman and Managing Director, Schwing-Stetter India, was elected as the Chairman of the council, while Arvind Garg, Executive Vice-President and Head, Construction and Mining Machinery Business, Larsen & Toubro, was appointed as the Vice-Chairman.
The evening of April 21, 2017, was a proud occasion for Equipment India as the industry stakeholders gathered in large numbers at New Delhi's heritage Claridges Hotel, to celebrate the 4th Annual Equipment India Awards and be part of the high-level discussion at the CEO Forum.
The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.
There are many positives in this year?s Budget. Sufficient thrust has been given for the sectors across Transport, Infra-structure development including rail road, highways, PMGS program etc. Reduction in the holding period for long term capital gain from 3 years to 2 years and advancing the base year for calculating the indexation for cost of acquisition from 1981 to 2001 are most welcome and could provide a boost to the real estate sector.
The BAUMA CONEXPO INDIA 2016 held during December 12-15 reflected the positive sentiments of the equipment industry on the floor. A detailed report on the expo, interaction with exhibitors and details of products and technologies showcased.
Asphalt paver was developed by Barbar Green Co that originally manufactured material handling systems. In 1929, the Chicago Testing Laboratory approached them to use their material loaders to construct asphalt roads.
Bauma 2016 - the biggest trade show on earth - spread across over 608,503 sq m (1.5 lakh acres) exceeded expectations this year with a participation of 3,423 exhibitors from 58 countries and the presence of about 580,000 visitors from 200 countries.
The Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Rajiv Pratap Rudy, visited the Schwing Stetter Operator Training School to review and understand the training capabilities being conducted on a regular basis.
Finance Minister, Arun Jaitley, presented the Union Budget 2016-17, explaining the backdrop of global economy slowdown from 3.4 per cent in 2014 to 3.1 per cent in 2015; battered financial markets and contracted global trade.
The recent devaluation of Chinese Yuan by 4 per cent has triggered a global crash of stock markets. Indian BSE index has dropped by over 16000 points and there is more to come.
The Indian Construction Equipment Manufacturers? Association (ICEMA) has urged the Centre to regulate the import of second-hand equipment to protect the domestic sector. Anand Sundaresan, President, ICEMA, said that they expected Chinese firms to dump their used construction equipment into India, following the recent devaluation of Chinese yuan.
Indian Construction Equipment Manufacturers Association (ICEMA) announced the appointment of Anand Sundaresan as the President of ICEMA. Anand Sundaresan, the Vice Chairman and Managing Director at Schwing Stetter succeeds Amit Gossain, the Executive Vice President of Sales, Marketing and Business Development, at JCB India.
Schwing Stetter is planning to set up a new plant in India, expecting a growth in the sectors it is present in, in future. While plans are in preliminary stage, the company is looking at various states to set up the plant, with an investment of Rs 100-200 crore.
The real estate and power sectors will show a tremendous growth in the next 2-3 years. As per projections, the tower crane requirement will increase to 30-40 per cent in these two years. Current demand growth for tower cranes is mostly from realty sector.
The takeaway was simple. Every Equipment India (EI) Award winner had one person to thank above all: the customer. Dedicating the Equipment India Person of the Year award to over 1,500 employees, over 8,000 customers,
Employers Federation of Southern India (EFSI), a representative body for the employers in the country has elected Anand Sundaresan, Vice-Chairman and Managing Director, Schwing Stetter India, as President of the EFSI during its 94th Annual General Meeting.
The recent Budget has brought back smiles to many stakeholders of various verticals; however, the key seems to be implementation on the ground level. On a positive note, VG Sakthikumar, Wholetime Director - Operations, Schwing Stetter India, says, ?Definitely there is a positive movement.
Schwing Stetter has set up its F-75 fabrication unit at the Schwing manufacturing unit in Irungattukottai, Sriperumbadur, near Chennai. This fabrication unit, exclusive for customising different variants of boom pumps, is spread across 5 acre with a facility area of 20,000 sq m. This plant will manufacture the S36 concrete boom pump model and also a separate placing boom pump SPB 25 and SPB 35.
Despite the Rs 2,500-crore concrete equipment industry registered nearly 40 per cent fall in the market and is under severe pressure, there is tremendous growth opportunities in the long term.
The new product launches strengthen Schwing Stetter?s expertise in concrete technology.Schwing Stetter India, a leading concrete construction equipment manufacturer in India, has unveiled five new products along with five new variants at Excon 2013, the seventh edition of South Asia?s biggest construction equipment event.
Amit Gossain took over as the new President of Indian Construction Equipment Manufacturers Association (ICEMA) and Anand Sunderasan as the new Vice President of the association.
The new products launched by Schwing Stetter will cater to all segments in the concreting equipment industry. Schwing Stetter India unveiled six new products in ready-mix concrete technology: concrete mixing equipment,
Cost reduction and indigenisation, with a view to make the product as affordable as possible to the custo?mers, is the key focus for us, says Anand Sundaresan, Chief Executive Officer, Sch?wing Stetter India.
Aimed at the high-rise construction market in India, Schwing Stetter has launched SP 2880 and SP 8800 that can pump concrete vertically up to a height of 250 m and 500 m, respectively.
Even as the American and European markets continue to languish after the global economic crisis, the world is looking towards the BRIC nations (Brazil, Russia, India and China) to lead the recovery.