Schwing Stetter is the name synonymous in the concrete equipment segment. Over the years, the company has introduced several path-breaking products in the Indian concrete pumping industry such as SP8800 concrete pumps, CP 30 batching plants and the 10 cu m truck mixers, which became synonymous within the RMC industry.
The Indian backhoe loader market had been growing year-on-year for four straight years till 2018-19. It grew with a CAGR of more than 20 per cent per year, peaking in 2018-19. In 2019-20 the market shrunk by 20 per cent due to factors such as elections and constrained liquidity post the ILFS crisis.
Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100 per cent subsidiary of Schwing GmbH, a $1.30 billion German concreting machinery manufacturer and a part of XCMG group.
In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.
Being the safest means of working at heights, Aerial Work Platforms (AWPs) are naturally the option to work at height safely. However, use of AWPs in India is still limited and is picking up slowly.
According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.
Skill improvement can never be over-emphasised. On one hand, the complexity of the job requirement is increasing and on the other, equipment are becoming more and more complex with the introduction of many operating modes, advent of mechatronics and Information and Communication Technology (ICT) tools.
The successfully completed 3,000 hours on the test bench demonstrate reliability of a proven MTU Series 4000 diesel engine. The new MTU gas marine engine has already successfully completed 3,000 hours on the test bench.
Allcargo Logistics announced the successful relocation of a critical de-aerator for its client Reliance Power to its Sasan 6 x 660 MW Ultra Mega Power Project (UMPP).
We have been following a zero accident policy and maintaining this consistently since we came into the business. If there is proper prequalification and competitive bidding, or a challenging project, we invariably win it, says Siraj Dalvi, Managing Director, Simple Engineering Solutions.