At the 8th Annual Equipment India Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.
Just when the 2020 financial year was coming to a close, it was hit by the COVID-19 pandemic. While the industry was already battling issues such as a liquidity crunch, rising bad loans, slowdown in capex, project delays and insolvencies, among others, the last quarter witnessed growth in the negative territory for most businesses. However, despite obstacles and uncertainties being at their peak, a few entities managed to persevere and prevail, posting growth and exhibiting excellence.
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.
Action Construction Equipment (ACE) has joined hands with Doosan Corporation, a Korean multinational conglomerate, to represent their ‘Industrial Vehicle’- MHE Segment in India
Mobile cranes in India have transformed into safer and productive with changing design and new features to meet the upcoming demands from the user market. In the current scenario, can these developments in mobile cranes lift the market sentiments?
Construction activities will normalise in the infrastructure sector in a couple of months with up to 80-90 per cent of operations, which is good enough to sustain in the present conditions.
At the time of completing 25 years in construction equipment industry, Action Construction Equipment (ACE) is preparing to focus on new equipment segments in road construction and backhoe loaders.
Action Construction Equipment (ACE) offers customers all the options in crawler cranes like the standard machine for lifting and erection jobs or with features of single/double-line free fall for usage in the piling activity.
Crawler cranes market is looking for a revival after a sluggish performance over the last few years. The market will rely on the budget proposals for the National Infrastructure Pipeline for the coming years.
In the past two years, the training centre of Action Construction Equipment (ACE) has conducted 213 training programmes for 4,225 operators and participants.
The gala ceremony was attended by more than 1,200 key stakeholders including industry leaders, customers, suppliers, ACE employees and family members, and highlighted the company's achievements and future plans.
Currently, the industry is facing a slowdown, which is expected to last for two to three quarters. However, moving forward, it will witness higher demand amid the government's resolve to build world-class infrastructure and the digitalisation of manufacturing processes for rolling out technically advanced equipment.
Embracing the next level emission regulations is expected to be tough for the engine and equipment OEMs considering technology upgradations and need for adequate skill development among the users.
By integrating specially manufactured ACE tower cranes in its business model, Central Park Flower Valley Project has recorded fast construction, significantly reducing the overall project cost.
The festival, organised by FIRST Construction Council in New Delhi from October 15-16, successfully brought together the public and private sector to discuss probable resolutions to impediments faced by the infrastructure sector.
It is a fact that the industry is under tremendous pressure of economic slowdown. However, hopes are alive as the government is listening to the problems of the industry and working out resolutions for a faster recovery.
Ankit Goel, Chief-R&D, Escorts Construction Equipment (centre) receiving the award from Steve Jones, Senior Director, Industry Insights Research, Dodge Data & Analytics (right), in the presence of Pratap Padode, Founder and President, FIRST Construction Council (left).
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.
Choosing a tower crane is increasingly about safety and productivity features, as customers seek to lift more with less power, upgrade to a higher capacity economically, and safely use multiple cranes at space-constrained project sites.
This bauma, Action Construction Equipment (ACE) launched a whole series of innovative cranes; among them is the NX360o model, which as the company claims, will not be found anywhere in the world.
Action Construction Equipment (ACE), India?s leading material handling and construction equipment manufacturing company, has entered into a memorandum of understanding (MoU) with URSUS S.A., one of the pioneers and leading company in tractors, agricultural machinery and electric buses, for localisation of their range of tractors based on Massey Ferguson-URSUS technology with the purpose of sourcing tractors and sub-assemblies from ACE and export to other parts of the world.
Foundation of Infrastructure Research Studies Training (FIRST) hosts 5th EQUIPMENT INDIA Annual Awards
The Foundation of Infrastructure Research Studies Training (FIRST) hosted the 5th EQUIPMENT INDIA Annual Awards at Hotel LALIT in New Delhi on Friday 16th February, 2018.
Growth has finally returned to the construction equipment industry. With the government's continuous focus on infrastructure and public spending, next couple of years may turn out to be golden era for the industry in terms of volume and growth.
Pick-and-carry crane is a product that is unique to India. It has a rigid (as opposed to a revolving) superstructure, and is essentially a material handler that is used on a wide variety of light lifting tasks which in other countries would probably be done by an industrial crane or a telescopic handler.
Recently, the Supreme Court heard an application by the Indian Construction Equipment Manufacturers' Association (ICEMA) and the Tractor Manufacturers' Association (TMA) as they sought a clarification on the ban on the registration of BS-III vehicles after March 31, 2017.
With the construction, mining and infrastructure projects are growing faster, there is a growing demand for productive and efficient equipment in various projects. This will boost the demand for technologically superior lubricants to meet the industry needs.
It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.
Given its versatility and mobility, backhoe loader finds great use at almost every construction site, both urban and rural India. This multi-purpose machine continues to perform a variety of tasks at sites and is used for digging, dosing, levelling and lifting activities.
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.
BAUMA CONEXPO INDIA 2016 was the right platform for the exhibitors to unveil their cutting-edge products, technologies and solutions. Many exhibitors launched their new technologies and products at the expo, while others showcased their industry leading solutions.
The evening of March 16, 2016 was a matter of pride for EQUIPMENT INDIA as a large number of stakeholders from the construction equipment (CE) community gathered at the Commission Hall of FICCI Delhi to celebrate, in letter and spirit, the 3rd Annual Equipment India Awards.
As the Numero Uno bestselling lift and reach product, Hydra crane still continues to be the most demanding mobile crane category in India. Tyre-mounted articulated steering, hydraulic mobile pick-and-carry crane, colloquially termed ?Hydra?, was introduced in India
What lifting capacity range of TCs will dominate the demand for free standing, external and internal climbing configurations? Say Malik ?The 5-6T capacity TCs will remain as the most dominate category.
Action Construction Equipment (ACE) disclosed a sharp rise in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company rose 3.26 times to Rs 26 million from Rs 7.97 million in the same quarter last year.
It?s a fact that the backhoe market has been reduced to one-third of the actual market size, and currently, supply is more compared to demand, and the industry is not very hopeful for a turnaround, especially in this financial year.
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.
We strongly believe in ?Make in India,? and have our own research and development team which has given various innovative solutions for Indian customers. We supply tower cranes for real estate buildings, factories, bridges, power plants, hydro electric projects, dams, refineries, etc
We understand the importance of R&D and our products are fully equipped to cater to the current and future needs of the market, says Pradeep Sharma, President, Action Construction Equipment. Excerpts from the interview
ACE is a dominant player in the cranes market having introduced innovative crane solutions/products from time to time. ?The growth of the Indian construction equipment (CE) industry is dependent on three factors
Action Construction Equipment (ACE) has reported a standalone sales turnover of Rs 157.95 crore and a net profit of Rs 0.80 crore for the quarter ended December 2013. Other income for the quarter was Rs 1.23 crore. For the same period last year, the standalone sales turnover was Rs 170.99 crore while net profit was Rs 1.45 crore and other income, Rs 1.01 crore.
?The ACE range of compactors with a higher total applied force, can achieve the density faster as this is true parameter for achieving maximum dry density, says Jitendra Sharma, Chief Executive Officer, Action Construction Equipment.
Most of the reputed suppliers today supply motor graders and dozers with an accurate grade system, where one can upload the design of the site and grading will be done automatically by machine to the required specification.
With more than 60 per cent of the cargo movement done by India's large network of roads, the road-building sector in the country has offered major growth opportunities for the construction equipment industry.
Our 75tonne crawler model ACX750 is a highperformance, rough terrain and rugged machine, with bestinclass lifting duties,? says Sunil K Gupta, Associate President, Action Construction Equipment.
It?s the dark horse segment. Consider the figures: the crawler crane market constitutes just three per cent of the total mobile cranes sales in India whereas the pick-n-carry cranes control the major chunk, 93 per cent of the total sales.