The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.
Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.
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.
The coronavirus pandemic has created an unprecedented situation in the construction sector. Once back on track after the lockdown, government will have to take some concrete steps to support the industry and economy.
The power of the Wirtgen Group is driving the construction of the biggest airport in the world: plants and machines from Wirtgen, V?gele, Hamm and Benninghoven are playing a vital part in the construction of the "New Istanbul Airport".
In the current scenario, most of the projects have become time-bound and have to be completed within the stipulated period. Due to this, expectation of the market has also changed especially in road segment.
Wirtgen India revived its training school almost one-and-a-half years back to give training in its pavers range. Ramesh Palagiri, Managing Director & CEO, elaborates more on the company's views on skill development and the way forward.
Schwing Stetter India has announced partnership with GOMACO Corporation for the sales and service of GOMACO?s entire range of concrete paving products across the country, except for the state of Telangana. The company plans to target $10 million sales in India during its first year of association.
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.
Renewed thrust on building new concrete roads by Indian government spells a boom for concrete paving equipment industry in India. Most of the highway network in USA was built with concrete roads and some
As the infrastructure in India is poised for high growth, the road sector will be a major contri?butor, hence we see a good future for pavers in India,
Volvo CE?s strategy is robust enough to work in a range of economic scenarios, and desig?ned to be achievable throughout the business cycle of the construction equi?pment industry, says AM Muralidharan, President, Volvo CE S&M India.