The Irish manufacturer Combilift recently marked a further milestone when its 60,000th unit came off the production lines at the company HQ in Monaghan and was shipped to the other side of the world.
The shipping and logistic sector worldwide is viewed as a backbone for global trade and commerce which enables industries to deliver the goods and services to the end consumers by facilitating mobility throughout the supply chain.
Almost five years on from its launch at Bauma 2016, the Potain Hup 32-27 self-erecting crane continues to gain new fans around the world. This acclaim is largely due to its ability to combine typical tower crane operations with replicating many of the tasks performed by smaller, mobile material handling equipment – reducing costs and eliminating excess traffic on jobsites.
Infrastructure is a silver lining in the pandemic for many States. With the lockdowns in place in most States during 2020 and reduced vehicle traffic, crews continued their road work and were getting more work done than usual.
In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.
Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020, resulting in +20 per cent YoY growth during July-January 2021 period.
In a major move to improve commuting experience on national highways for both passengers and truckers, the National Highways Authority of India (NHAI) will develop world class ‘Wayside Amenities’ at more than 600 locations across 22 states along the national highways in the next five years, out of which 130 is targeted for development in 2021-22.
The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes
n a major move to improve commuting experience on National Highways for both passengers and truckers, the National Highways Authority of India (NHAI) will develop world class ‘Wayside Amenities’ at more than 600 locations across 22 states along the National Highways in the next five years, out of which 130 is targeted for development in 2021-22.
The BE1800D hydraulic excavator is ‘Make in India’ equipment; designed, developed and produced in-house at the BEML’s state-of-the-art manufacturing plant in KGF complex.
Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022
L&T Construction & Mining Machinery hit a new milestone with the commissioning of 1000th Komatsu PC210-10M0 Hydraulic Excavator recently.
The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.
The construction equipment industry sees two emerging categories—infrastructure development in rural India and the creation of a strong healthcare system—as growth drivers in the coming years, even as the industry sees green shoots with the revival of infrastructure projects.
BEML is showcasing some of its prime products during AERO INDIA 2021, the biennial mega Aero exhibition, being held in Bangalore, from February 3-5, 2021.
The domestic construction equipment (CE) industry may see moderate volume growth this fiscal as dealers have reported a rebound in demand in the second quarter, according to an ICRA report.
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?
With timely planning and execution, the government will be able to alleviate the current situation and lead the construction market on the road to recovery. Puneet Vidyarthi, Brand Leader, CASE India, CASE Construction Equipment, shares more on the market scenario.
The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.
The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.
With this March marking the closure of another financial year in the country, the world economy is reeling under a host of issues ranging from the slowdown that hit the market for more than a year to the coronavirus scare.
Asphalt is regaining traction in the Indian road construction due to its better recyclability and the freedom to use waste materials like plastics along with asphalt mix. The future looks greener for asphalt mixing plants.
The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.
For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.
The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.
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.
Following a sharp correction in unit sales amidst slowing economic growth and infrastructure investments, both by the public and private sector; and tight liquidity environment, ICRA has revised the outlook on the construction equipment (CE) sector to negative.
While coal mining and quarrying will drive the growth of mining equipment, other mining segments will see a relatively lower growth demand for mining equipment. Pavethra Ponniah, elaborates more on the market trend.
Pick up in infrastructure spending and construction activity, especially in roads and highways, irrigation and affordable housing segment, will continue to support demand for construction trucks.
Demand for mining and construction equipment post-elections will depend on the function of a stable government and continued focus on infrastructure investments.
The Indian mining and construction equipment (MCE) industry is likely to see a moderation in demand growth which is expected to fall to 4-6 per cent in the medium term, more particularly during CY2019.
Prime Minister Narendra Modi on March 2, 2019 declared April 2019-March 2020 as the Construction-Technology year and stressed on the use of advanced technology to meet the increasing demand of affordable housing and provision of Housing for All by 2022.
Rating agency ICRA estimates a stable outlook for the construction sector in India, supported with strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment.
The effect of the GST implemented in July 2017 has been largely positive for the road logistics sector and has led to several benefits. As per ICRA's comprehensive survey covering approximately 50 transport companies pan-India and 15 consumer-oriented companies across various sectors, the findings have been encouraging, though a lot remains to be achieved.
With industrial output and consumption-driven sectors recovering in H2 FY2018 from the initial lull post GST implementation, the freight demand in the country has also reported healthy pick-up during the second half of the previous fiscal.
Concrete is a major constituent of infrastructure projects: mainly in real estate, roads and highways, railways, sea ports, airports, power plants, irrigation and urban modernisation sectors.
India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.
The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.
According to an ICRA report, opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India.
India is witnessing an improved growth trend in coal mining, as Coal India Ltd (CIL) is aiming an output of one billion tonne by 2020. CIL has earmarked a capital investment of Rs 57,000 crore, as part of the road map for one billion tonne target, with a planned capex of Rs 8,500 crore in 2017-18.
Container volumes at non-major Indian ports have registered a combined CAGR of 20 per cent (from 1.7 million TEUs to 4.5 million TEUs) for the last five years (2012-17) as against a meager CAGR of 2 per cent (from 7.7 million TEUs to 8.4 million TEUs) by major ports in this period.
The rating firm ICRA has cautioned against the continuing decline in coal imports that may impact long term returns for port players with high concentration of coal cargo.
Indonesia?s PT. Tanjungsari Prima Sentosa (RIMASA) has placed a second order for Potain cranes after receiving its first cranes from the company last year. This latest order was placed through Multicrane Perkasa, Manitowoc?s exclusive dealer for Potain cranes in the country. The order for four new MCT 205 cranes means RIMASA has now ordered 10 new Potain cranes over the past 12 months, all MCT 205 or MC 310 K12 models.
Kokar WIKA has purchased four more Potain MCT 205 tower cranes over the past 12 months to strengthen its growing rental fleet. The cranes were all ordered through Multicrane Perkasa, Manitowoc?s exclusive dealer for Potain cranes in Indonesia.
Manitowoc has strengthened its operations in Southeast Asia with the appointment of Multicrane Perkasa as its new dealer for Potain cranes in Indonesia.
According to the rating agency ICRA, the mining and construction equipment (MCE) sector is likely to grow by 13-17 per cent during 2017. The demand for MCE grew by over 35 per cent during 2016.
Steel and metals play a major role in the construction industry. Alireza Moghaddam explains on the use of metals in construction and the new trends and the emerging market opportunities.
The logistics industry in India is likely to grow at a rate of 9-10 per cent over the medium-term on the back of economic recovery, according to rating agency ICRA. The trend towards outsourcing of non-core activities like logistics, warehousing, and associated activities to integrated players is likely to drive the share of the organised segment.
According to an ICRA report, demand for affordable homes is set to stay healthy, with the market poised to touch the Rs 6.25 lakh crore mark by 2022, supported by a growing population, young demographic profile, shift towards nuclear families and rapid urbanisation.
Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out.
Research and rating agency, ICRA, expects the domestic tyre demand to report a volume growth of 6-7 per cent, supported by a broad-based revival in automotive original equipment manufacturers (OEM)
Pradeep Agarwal is the CEO of Mtandt Group?s flagship companies Mtandt Ltd and Mtandt Rental Ltd. He is a Chartered Accountant by profession, with Bachelor?s Degree from Shri Ram College of Commerce, Delhi.
According to an ICRA report on commercial vehicles industry, the M&HCV (Truck) sales will continue to expand at steady pace (up 24.6 per cent).Replacement demand and improving viability of fleet operators are driving the M&HCV sales.
Available information collected from various sources reveals that approximately 2,000-3,000 units of construction hoists are operational in India. They are mainly deployed in construction of multi-storied buildings and structures of heights above 75 m.
According to an ICRA report, demand in the mining and construction equipment industry would recover towards the end of the current fiscal followed by a sharp growth in next financial year.
Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.
Having spent considerable years in the infrastructure equipment industry, I have now joined the editorial of EQUIPMENT INDIA. Fresh initiatives by the government brings renewed focus to infrastructure development, and promises galore to the equipment industry
Tyre market in India is on a revival mode with some demand growth in the coming years. Starting this year, major user segments like mining, construction and material handling (ports) have become more active with government opening up coal blocks, investment plans for roads, ports and other infrastructure segments.
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
According to the rating agency ICRA, the auto components industry may invest around Rs 7,000 crore over the next three years on new projects, though its revenue growth will remain weak in the absence of domestic demand and an uncertain global economic environment.
It seems that we are stuck in the same narrative, which is playing on a loop, told and retold over the past couple of years. The gist of that tale is: even though short-term prospects are not too bright, the slowdown and resultant sluggishness in the CE market is a temporary blip; the long-term growth prospects still look promising
According to ICRA, the mining and construction equipment (MCE) industry is expected to witness a decline in volumes this fiscal owing to slow pace of infrastructural investments and various regulatory hurdles.
Ratings agency ICRA expects subdued near term outlook for the mining and construction equipment industry with demand for equipment expected to remain sluggish. The agency expects sluggish demand for equipment because of the slow pace of infrastructural investments, weak business confidence and continued regulatory issues surrounding mining
Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.
Even though the demand for construction equipment for the road sector has been sluggish in 2012, there still exists tremendous potential for the construction equipment industry, given the infrastructure deficit in the country. However, unfortunately, the government has little fiscal headspace and thus, is unable to stimulate growth by undertaking investment in the infrastructure sector.
We have invested about Rs 100 million in developing infrastructures like depots and service facility; Rs 800 million in assets and have plans to invest Rs 1,000 million over the next year, says Rakesh Modi, Chief Executive Officer, MTandT, in an exclusive interview with Equipment India.