World Cement Association Founder Director to be star speaker at Indian Cement Review Conference 2023 at 14th Cement EXPO, Delhi

Founder Director, World Cement Association, at Indian Cement Review 2023.

Revolutionising construction

The booming construction sector is fueling a growing demand for air compressors.

FIRST Construction Council explains how to unlock value through ESG

With the rise in demand for sustainability, many companies are taking steps to become ESG (environmental, social, and governance) compliant. To delve deeper into the topic, FIRST Construction Council recently hosted a virtual discussion forum on the theme of “How construction companies can unlock value through ESG”.

Unleashing the hidden potential

The undercarriage parts market in India is expected to continue growing due to ongoing infrastructure projects, and the demand for reliable heavy machinery.

Cummins launches new zero-emissions power brand: Accelera

Cummins, the century-old maker of diesel engines, has launched an entirely new brand to focus entirely on zero-emissions power for every application from trucking to powering homes.

AJAX to invest Rs 100 cr in new facility

Manufacturer of concrete equipment Ajax Engineering announced a Rs 100 crore investment to build its fifth manufacturing plant in Bengaluru with plans for a portion of the facility to be operational by the end of the year.

Creating Compact Foundations

The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.

Outsourcing Warehouse Operations

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

ELGi celebrates 10 years of compressed air excellence in North America

ELGi Equipments, one of the world's leading air-compressor manufacturers, with over 62 years of compressed air excellence, announced that its Charlotte-based subsidiary company ELGi North America is celebrating ten years of its presence in the United States.

What’s driving the demand?

Increasing demand for novel construction equipment is expected to drive the global undercarriage components market in the upcoming years.

Why outsourcing warehouse operations are more effective

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

Why outsourcing warehouse operations are more effective

Aditya Vazirani of Robinsons Global Logistics Solutions discusses warehousing, which has emerged as one of the most crucial aspects of the modern supply chain.

PPS receives Atlas Copco’s Distributor of the Year Award

Giving the award, Alexander Pavlov, General Manager, Atlas Copco Compressors, said: “As a Premier Distributor, PPS has achieved outstanding results over the year that have seen a 90 per cent growth in new equipment sales, a 28 per cent increase within its service business, and the completion of several high-value major projects

Selecting the right genset

Commercial generators are often leveraged as a primary source of power when starting new construction projects.

Magna Tyres to acquire Fennell Tyres International

Magna Tyres Group, a second-tier Off-The-Road (OTR) tire supplier, has acquired the Australia-based company Fennell Tyres International. Financial details were not disclosed.

Bonfiglioli India: Winning through product innovations & tech

Bonfiglioli has been enhancing construction equipment performance, efficiency, productivity, and reliability for more than 40 years.

Keeping up with industry trends

Despite slowdown in the automotive industry, all the leading manufacturers of tippers and trucks have transitioned to BS-VI emission standards.

Mahindra Group appoints Manoj Bhat as group CFO

Mahindra Group appoints Manoj Bhat as group CFO

The long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.

Gati appoints Shashi Kiran Shetty as Chairman

Express logistics company Gati has appointed Allcargo CMD Shashi Kiran Shetty its Chairman in a move that will expedite its turnaround in a big way

Complete range of Integrated hydraulic motor gearboxes for mobile solutions

Bonfiglioli provides a complete range of innovative integrated hydraulic motor gearboxes for mobile solutions.

Our vision of ‘Always Better’ goes beyond traditional thinking

With business in more than 120 countries and direct presence in 28 countries, Elgi Equipments is consolidating its presence in global market with innovative products and services.

The long-term growth for construction equipment is intact

India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.

APSEZ to acquire Krishnapatnam Port Company

Adani Ports and Special Economic Zone (APSEZ), India's largest port developer, operator and the logistics arm of the Adani Group, will be acquiring a controlling stake of 75 per cent in the Krishnapatnam Port Company (KPCL).

APSEZ to acquire Krishnapatnam Port Company

Adani Ports and Special Economic Zone (APSEZ), India?s largest port developer, operator and the logistics arm of the Adani Group, will be acquiring a controlling stake of 75 per cent in the Krishnapatnam Port Company (KPCL).

Trenchless equipment market is growing at 20 per cent

There is abundant scope for applying trenchless technology for various projects and initiatives in India. T Ramesh, Country Head, Vermeer India, elaborates on the market opportunities and the company's plans for the market.

We are constantly working on innovative solutions

Timken is constantly working with its customers for their new projects and innovations. Sanjay Koul, Managing Director, Timken India, shares more on the company's solutions and the way forward.

Mobilising Growth

JLG and Dana join hands on electric axles

Dana Inc announced its collaboration with JLG to develop an advanced Spicer ? Electrified ? e-Axle as part of JLG?s electrification initiative.

The infrastructure and construction industry is rapidly growing in India

One pathbreaking offering: We have a state-of-the-art leading software that makes our machines easier and intuitive to use.

PT Saranabaja Perkasa buys Grove all-terrain cranes

PT Saranabaja Perkasa has received three new Grove all-terrain cranes. Two are GMK4100L units while the third is a GMK5220. All were purchased from local dealer PT SH Machinery Indonesia.

On a Brighter Note

The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.

Cyient acquires Certon Software

Cyient said its wholly-owned subsidiary Cyient Inc has signed a definitive agreement to acquire 100 per cent shares of Certon based in Melbourne and Florida. Certon Software Inc is an IP-led innovative provider of full product life-cycle engineering services to companies seeking certification approval for safety-critical systems, embedded software, and electronic hardware.

ON THE CLOCK!

Material and earth movements are the major work content of all infrastructure developments and mining activities. Front-end loaders, backhoe loaders, dozers and application-centric equipment as options for the users to choose from to suit individual requirements.

Trelleborg's CGS Holding acquisition finalised

Trelleborg has finalised the acquisition of CGS Holding a.s.-a privately-owned company with leading positions in agricultural, industrial and specialty tyres as well as engineered polymer solutions.

Hy-Tek takes over two Ohio companies

Hy-Tek Material Handling, Inc. has acquired Gems Conveyor Installation, Inc. (GEMS) and Applied Handling Equipment Co. (AHECO).

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

Is the money flowing again?

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.

Annual demand for industrial cranes should touch 12,000 by 2015

Growth in various sectors such as power, infrastructure, construction and heavy engineering will drive the growth of the Indian cranes industry, says Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems.

Annual demand for industrial cranes should touch 12,000 by 2015

Growth in various sectors such as power, infrastructure, construction and heavy engineering will drive the growth of the Indian cranes industry, says Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems.

Movers & shakers

8,500 km by March 2015: How Realistic is the Target?

The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,

Will the Government be Able to Walk the Talk?

With the Union Budget scheduled in the second week of July, the entire industry seems to be on a highly expectant mood with the hope that the government will now shift to higher gear for bold, long-term and deep fiscal economic reforms. A Chinese proverb reads thus 'When the winds of change blow, some people build walls, and others, windmills.

The Winds of Change

A Chinese proverb reads thus ? ?When the winds of change blow, some people build walls, and others, windmills!? Agith G Antony finds out the views from the industry leaders who have been building windmills...

Saving the industry boat

A group of people were travelling in a boat. One of them took a drill and began to drill a hole beneath him. His companions asked him, "Why are you doing this?" The man replied, "What concern is it of yours? Am I not drilling under my own place?" Then they cautioned him: "But you will flood the boat and drown us all!"

Looking Ahead with Optimism

Despite the economic slowdown and contrary to initial apprehensions from the major stakeholders, Excon 2013 turned out to be a success, with OEMs and aggregate and components manufacturers launching a new range of machines and components, and some of them even announcing further investment to augment capacity, in order to meet the expected demand spurt in the coming years.

M and M Spanish venture

Mahindra and Mahindra (M&M) plans to leverage its recent joint venture with Spanish auto component maker CIE Automotive SA to make joint acquisitions in new regions and optimally utilise its own auto ancillary units in India.

Dalmia Refractories earmarks Rs 350 cr for buyouts

For acquisitions both in the country and overseas in the next five years, Dalmia Bharat Refractories has earmarked Rs 350 crore. The company is planning to acquire mines in China and Vietnam. Dalmia Bharat Refractories imports a major part its raw materials (about 60 per cent).

Dalmia Refractories earmars Rs 350 cr for buyouts

For acquisitions both in the country and overseas in the next five years, Dalmia Bharat Refractories has earmarked Rs 350 crore. The company is planning to acquire mines in China and Vietnam. Dalmia Bharat Refractories imports a major part its raw materials (about 60 per cent).

CIL eyes 3 coal mines in Australia

Coal India (CIL) plans to acquire three coal assets, with a combined production of 25 million tonne (mn t) per annum, in Australia in order to meet the fuel demand for domestic power plants. In April, CIL entered into non-disclosure agreements with three companies in Australia. He added the equity participation being sought by the miner varies between 25 p

LiuGong expanding into bigger machines

In the past four years, LiuGong has quietly expanded its ability to produce large-sized construction equipment machinery. Through smart acquisitions, redirection of some of its R&D efforts and new partnerships, LiuGong

Govt may ease exit norms for road developers

The Union government may relax exit norms for highway developers, a move which will increase mergers and acquisitions in the road construction sector of India. At present, there are limits on the extent to which a lead project developer can exit from a project, with time-based milestones. Relaxation of this norm has been a long-standing demand of developers and the Cabinet may soon take up a proposal in this regard.

We aim to increase asset size by 65 per cent over the previous year

Fastest response time, large distribution and collection net?work coupled with high risk appetite and complete geographic, customer and asset classes' inclusion gives as an edge over competition in retail segment financing, says Pratap Paode, Chief Executive Officer, SEFC.

Parker Hannifin opens greenfield facility

Parker Hannifin Corporation, the global leader in motion and control technologies, inaugurated its first green field manufacturing facility at Chennai. The state-of-the-art, world class facility is built on a ten acre plot in Mahindra World City. The new manufacturing site will focus on production for the filtration, pneumatics and drives, sealing and shielding businesses. The company has invested Rs 100 crore in setting up the facility.

We shall nearly double our net profit and increase asset size by 65% this year

We are certainly one of the largest FTU segment financers in the CE industry and nearly 65 per cent of our book holds FTU and small customers. This originates from our parent company's philosophy of empowering small customers and entrepreneurs, says Pratap Paode, Chief Executive Officer, Shriram Equipment Finance Company.

IES acquires CWS Industries (Mfg) Corp

International Equipment Solutions (IES) has acquired, through an indirect, wholly-owned subsidiary, CWS Industries (Mfg) Corp.

A young achiever

Alok Kirloskar is the Associate Vice- President of Industry sector at Kirloskar Brothers Limited (KBL), the flagship company of Kirloskar Group.

Poised for Major Growth

The crane manufacturing industry has witnessed a phase of restructuring with several acquisitions and joint ventures resulting in considerable international influence in the quality and use of better technology in the industry.

Caterpillar Reports Best Quarter in History and Raises 2012 Profit Outlook

Caterpillar Inc. (NYSE: CAT) today announced second-quarter 2012 profit per share of $2.54, an all-time quarterly record, and a 67-percent increase from second-quarter 2011 profit per share of $1.52.

Marching Ahead

Though the Union Budget 2012-13 is not considered to be much of a game changer, it augurs well for the infrastructure and equipment manufacturing segments. The enhancement of sectoral allocations, doubling of the amount of tax-free bonds to be raised for infrastructure in FY13,

Budget Quotes

The Budget 2012-13 aims at sprucing up the country?s infrastructure and readying it for higher growth. Stalwarts from the construction equipment industry respond to the budget.

Caterpillar 3Q sales set record

Caterpillar reported third quarter 2011 profit of $1.141 billion, an inc?re?ase of 44 percent from $792 million in the third quarter of 2010.Sales and revenues of $15.716 billion.

Equipment Rental: Rentals Moving Up

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.

We plan to achieve a turnover of Rs 10,000 crore by 2016-17

We have plans in place for over Rs 1,000-crore capex in the next five years that include our expan?sion projects, modernisation, new ventures and acquisitions," states V RS Natrajan, Chairman & Managing Director, BEML.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

CAT revenues up by 62 per cent

Caterpillar Inc recently announced sales and revenues of $42.588 billion for 2010, an increase of 31 per cent from $32.396 billion in 2009.

Jyoti CNC to invest Rs 300 cr

Machine tool major, Jyoti CNC Automation, has chalked out a capital expenditure of ` 300 crore over the next two years, to expand its production capacity and product range.

Surface Engineering Specialist

HEF has introduced into India quite a few surface treatments and coatings like Sursulf, Arcor, Tribomol, to improve the physical and metallurgical properties of ferrous and non-ferrous materials.