Schwing Stetter India, one of the largest manufacturers of concreting and construction equipment’s across the country, announced that it has converted a floor in one of its existing building of its factories – F75 unit in Sri Perumbadur into a Covid care centre.
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.
Schwing Stetter India, one of the largest manufacturers of concreting and construction equipment’s across the country, inaugurated its fifth manufacturing facility in Cheyyar, Tamil Nadu.
Schwing Stetter India signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government during the Global Investors Meet 2019 held in Chennai on January 23 and 24, 2019.
As we are the market leaders in the small and medium concrete equipment, we maintain more than 50 per cent market share in the organised sector and since we are the latest entrant in the large concrete equipment sector
We want to be known as a complete concrete equipment solution provider; our target is to be among the top three players in India. We've quite a long way to go, and we need to widen our product range. Everything we do is pointed in that direction. Over the next years
Here go the predictions. The potential demand for concrete equipment in India over the next few years will be quite substantial and the RMC industry will witness a steady growth; the conversion factor for cement to RMC will soon exceed ten per cent.
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.