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Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

CNH Industrial to acquire Hemisphere GNSS

CNH Industrial announces that it has entered into an agreement to purchase Hemisphere GNSS (Hemisphere), a global leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People’s Republic of China.

L&T Finance launches Warehouse Receipt Financing

L&T Finance (LTF), a subsidiary of L&T Finance Holdings and one of the leading non-banking financial companies, has launched Warehouse Receipt Financing (WRF), a first-of-its-kind digitally assisted journey for loan facilities against agri-commodities

CNH Industrial to acquire Hemisphere GNSS

Hemisphere is a leader in high-performance satellite positioning technology, currently owned by Unistrong

L&T Finance launches Warehouse Receipt Financing

Launch of Warehouse Receipt Financing in a digitally-assisted journey for the first time in India

CNH Industrial maintains record sales pace in rough economy

Driven by higher volumes in South America and despite challenges with higher freight and raw materials costs, sales for construction and agricultural equipment manufacturer CNH Industrial increased year-over-year in 2022 by 21 per cent to $21.5 billion.

Komatsu sales jump 28% in third quarter

Despite supply chain disruptions and increases in material prices and logistic costs, Komatsu saw net sales and operating income reach record highs on new equipment, parts and services in the first nine months of the current fiscal year, which ends March 31, 2023.

MRF's consolidated net profit for December quarter increased by 17%

Consolidated revenue from operations stood at Rs 56.44 billion.

Escorts Kubota's Q3 standalone profit doubled to Rs 186.4 cr

Revenue from operations was at Rs 2,263.7 crore in quarter ended December 2022 as against Rs 1,971.5 crore in corresponding quarter of the previous fiscal.

CE export witnesses 60% growth in FY22

According to the Indian Construction Equipment Manufacturers Association (ICEMA) the export of construction equipment has increased by 60 per cent in FY22 with earth-moving equipment witnessing 69 per cent growth in the last fiscal year.

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

Goodyear India revenue up 18%

Third quarter profit after tax of Rs 19 crore, down from third quarter last year of 49 crore on higher commodity prices

Indian construction equipment industry growth slumps in Q3FY22

On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.

Demand for pick n carry cranes has strong correlation with industrial growth

The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India.

We promote domestic products suitable for applications: Saji Thomas

Gates believes in extending the boundaries of material science. Saji Thomas, General Manager, Product Line Management & Application Engineering - FP, Gates India, shares more on the product developments in the company and the market scenario.

Can Mobile Cranes Lift the Mood?

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?

We expect to see a positive turn in volumes

Tata Motors has been at the forefront of constantly innovating and defining the market with new technologies and categories.

Gaining Momentum

Tipper market is expected to bounce back in the coming years with the demand picking up steadily in road construction and mining.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

LANXESS reports stable second quarter results

Specialty chemicals company LANXESS is on track despite the weaker economy and geopolitical uncertainties and can look back on a stable second quarter.

Super Performer

Doosan Bobcat India has been the consistent performer, winning the EQUIPMENT INDIA Bestseller Award in Skid-steer loaders for the past five successive years.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

Trimble announces latest solutions at bauma 2019

At the bauma 2019, Trimble introduced a range of its latest solutions for construction equipment operations. Trimble announced the release of Trimble? Earthworks Grade Control Platform version 1.9 with support for fully automatic guidance for excavator tiltrotator attachments and Trimble Universal Total Stations for motor graders.

Escorts posts 52.3 per cent net profit growth in Q3

Escorts reported a profit of Rs 1.401 billion in the quarter ending December 31, 2018, up by 52.3 per cent as against a profit of Rs 0.92 billion in the corresponding period last fiscal.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Equipment Pulse

With the construction equipment market is on a growth path, Equipment India explores the market scenario of construction equipment and allied products and services.

Italian market up in Q3, 2018

Over the first nine months of 2018, construction equipment sales in Italy reached 9,615 units, with an increase of 22 per cent on year basis.

Escorts-Tadano JV to manufacture RT cranes in India

Escorts Ltd, India?s leading engineering conglomerate, and Tadano Group, Japan?s biggest and world?s leading mobile crane manufacturer, announced their joint venture (JV) to manufacture rough terrain (RT) cranes and truck-mounted cranes.

Donaldson reports strong sales growth

Donaldson Company, Inc announced third quarter 2018 net earnings of $69.9 million, compared with net earnings of $60.1 million in the previous year. Third quarter GAAP earnings per share increased 17.8 per cent to $0.53 in 2018 from $0.45 in 2017.

Equipment finance sector to grow at 19 per cent CAGR

We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.

Force Motors, Rolls-Royce Power Systems form JV

Rolls-Royce Power Systems and Force Motors formed a new joint venture (JV) in which Force Motors will hold a 51 per cent and Rolls-Royce Power Systems a 49 per cent stake.

Revival on Cards?

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.

Wacker Neuson Group reports 20 per cent revenue growth in Q3

The Wacker Neuson Group reported revenue of EUR 378.7 million for the third quarter of 2017. This corresponds to an increase of 20 per cent relative to the previous year (EUR 315.7 million).

Volvo sells stake in Deutz engines

AB Volvo group said the company had sold its 25 per cent stake in German diesel engine maker Deutz AG. Volvo said in a statement that the proceeds from the sale, which was carried out through a book building process, amounted to 1.9 billion Swedish crowns ($225 million) and would generate a capital gain of about 350 million crowns. The capital gain from the divestment of shares in Deutz would be booked in the third quarter, according to Volvo.

Hiab wins Tata Motors order for loader cranes

The Cargotec group company Hiab has secured an order for over 600 HIAB loader cranes from Tata Motors. The order follows the successful delivery of over 1,200 HIAB loader cranes to Tata Motors in 2016 and it has been booked into Cargotec?s 2017 second quarter order intake. The deliveries are due to commence in the third quarter of 2017.

Escorts profit grows

Escorts reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 crore in the corresponding quarter in the previous fiscal. The profit reported is after one time loss from discontinued operations in respect of its Auto Products business of Rs 30.8 crore.

AkzoNobel India posts revenue growth

Akzo Nobel India reported total revenue at Rs 813 crore in the third quarter (Q3) of the current financial year as compared to Rs 798 crore of the corresponding quarter of the previous year, a growth of 2 per cent. Profit from operations at Rs 91 crore as compared to Rs 72 crore of the corresponding quarter of the previous year recorded a growth of 27 per cent.

Volvo CE to relocate HQ to Sweden

Volvo Construction Equipment (Volvo CE) has announced that the company?s global headquarters will move from its current location in Brussels, Belgium to Gothenburg, Sweden. According to the company, the relocation will facilitate closer cooperation with the Group?s other business areas and all

Escorts profits grow

Escorts Ltd reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 crore in the corresponding quarter in the previous fiscal. The profit reported is after one time loss from discontinued operations in respect of its Auto Products business of Rs 30.8 crore. The net profit for the nine months ending December 2016 was up by 54.4 percent at Rs 101 crore as against Rs 65.4 crore in the corresponding period last year.

Volvo CE to relocate headquarters to Sweden

Volvo Construction Equipment (Volvo CE) has announced that the company?s global headquarters will move from its current location in Brussels, Belgium to Gothenburg, Sweden.

ABB India reports sustained performance in Q3

ABB India reported sustained performance in mixed markets with solid growth in orders, value generation through higher customer experience, and continuation of improved margin trends.

Chilean terminals opt for large cranes from TPS

Terex Port Solutions (TPS) has received two orders for large cranes from Chile. In the third quarter of 2016, a diesel-electric Terex Gottwald Model 8 mobile harbour crane in the G HMK 8410 two-rope variant has been delivered to Terminal Puerto Arica S.A.

ABB India reports sustained performance in Q3

ABB India reported sustained performance in mixed markets with solid growth in orders, value generation through higher customer experience, and continuation of improved margin trends. The company received orders worth Rs 2,967 crore in the third quarter (Q3) of 2016.

Chilean terminals opt for large cranes from TPS

Manitowoc plans to relocate crane operations to Pennsylvania

The Manitowoc Company, Inc announced its intent to relocate crawler crane manufacturing operations from Manitowoc

Manitowoc plans to relocate crane operations to Pennsylvania

The Manitowoc Company, Inc announced its intent to relocate crawler crane manufacturing operations from Manitowoc, Wisconsin to Shady Grove, Pennsylvania, to optimise its manufacturing footprint, reduce costs and expand margins.

Higher orders boost L&T profit in Q3

Engineering and construction giant Larsen and Toubro Ltd (L&T) has reported a 19 per cent increase in net profit for the quarter ended December 31, on the back of higher orders and better project execution.

Pick-n-Carry Hydra: Bestseller

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

We will continue to contribute to the infra developments of India

The construction equipment industry is the only one in the country which has witnessed a continuous decline for the last five years. We are still witnessing a marginal decline in the first half of this financial year.

High Tonnage Cranes

Considering tyre-mounted cranes of above 300T capacity and crawler cranes of above 600T capacity as high tonnage cranes, there are still very few players in this segment, writes Ajay Kumar Somani.

Haulotte revenues up 39 per cent

Haulotte?s revenues for the third quarter of the year were up 39 per cent at ?113 million ($143 million). In the nine months of January-September has seen the company?s revenues rise 24 per cent to ?320 million ($405 million).

Hang on!

Two monks were returning to the monastery in the evening. It had rained and there were puddles of water on the road. At one place, a beautiful young woman was standing, unable to walk across because of a puddle of water.

We are optimistic that we will see some positive signs in 2014

Overall, this year will be good for mobile cranes in India. For us, the key will be building our support network and ensuring we are well-positioned for the opportunities that come along in 2014.

Bharat Forge reports strong results

Bharat Forge reported in-line results for the third quarter of FY2013-14 aided by strong growth in exports. The performance appears strong on an year-on-year (yoy) basis mainly due to the base effect. On a sequential basis though, the results are broadly stable and are driven by exports (revenue up by 3.5 per cent qoq) even as the domestic operations (revenues down by 13.8 per cent qoq) continue to remain under pressure.

Manitowoc posts double-digit growth in Q3

The third-quarter 2013 net sales in Manitowoc?s crane segment were $612.6 million, up 10.4 per cent from $555.1 million in the third quarter of 2012. Primary drivers were continued growth in the Americas and in crawler crane sales.

Liebherr's new logistics centre

In July 2013 the Liebherr Group began construction of a new logistics centre near Kirchdorf an der Iller (Baden-Wnrttemberg, Germany). In future, this will be the place from which spare parts for the Liebherr earthmoving machinery will be supplied around the world.

Power equipment industry shrinks 10.5% in 3rd quarter

In the third quarter of 2012-13, the power sector has deepened into gloom further as electrical equipment industry shrank 10.5 per cent. Turnover contracted 10 per cent, declining for the third consecutive quarter, and falling in double digits for the first time. The Indian Electrical and Electronics Manufacturers' Association (IEEMA) said almost all sectors declined, particularly power cables and energy meters business.

The Volvo Group is planning to make an investment of Rs 2,000 crore in the next few years.

As a market leader, Volvo CE will continue to invest in new technologies backed by innovation. The mantra behind our success is our innovative way of thinking, active investment in R&D and our close relationships with our growing family of customers and employees, says AM Muralidharan, President, Volvo CE, India. Excerpts from the interview.

Sandvik reviews new strategy implementation

The new Sandvik strategy presented in September 2011 laid out the path toward a strengthened market leadership position based on four cornerstones: ambition, speed, focus and global/local. The strategy has subsequently been implemented successfully and according to plan. Recent strategic reviews have revealed additional potential for structural improvements in several business areas.

Manitowoc announces Q3 results

The Manitowoc Company reported sales of $955.7 million for the third quarter of 2012, an increase of 2.2 percent compared to sales of $935.4 million in the third quarter of 2011.The sales increase was primarily driven by a 4.9 percent increase in crane segment sales.

SKF India registers Rs.5,337 m sales

SKF India has announced the unaudited financial results for the third quarter ended September 30, 2012. Sales for the nine-month period ending September 30, 2012 stood at Rs 16,908 million while profits for the same period stood at Rs 1579 million.

WINDS OF CHANGE

Surely and steadily, the winds of change are sweeping across the globe.Maybe, more than the re-election of Barak Obama, it is the change in the Chinese leadership and its economic target of doubling GDP per capita growth for both rural and urban centres, that is expected to have greater implications on the global economy.

Winds of change

Surely and steadily, the winds of change are sweeping across the globe? Maybe, more than the re-election of Barak Obama, it is the change in the Chinese leadership and its economic target of doubling GDP per capita growth for both rural and urban centres, that is expected to have greater implications on the global economy.

We constantly monitor our products to ensure minimum downtime

We test our prototypes, in our chemical and electrical laboratory, to ensure that the specification set out by the customer is met, before we embark on regular production, says Shankar Swamy, Managing Partner, Sharana Industries.

Pushing Boundaries

Taking the cue from the Indian economy, BKT is on a stable ground and moving fast on the growth path, with consistent strive to push the boundaries.With an objective of 35 percent y.o.y growth, and achieving the same (on average basis) for the past decade, BKT is continuing this momentum in the new decade also.

Elecon announces Q3 results

Elecon Engineering Company announced its unaudited financial results for the quarter ended on 31 December 2011. The turnover for Q3 FY12 is at Rs 299 crore as against Rs 300 crore in Q3 FY11 which is a drop of around 0.11 percent in turnover Q on Q.

Liebherr double boom cranes for Turkey

Liebherr Container Cranes will supply two double boom ship-to-shore cont?ai?ner cranes to TCEEGE cont?ainer terminal in Aliaga, Turkey.

Sandvik report

With the exception of certain segments, the business climate was positive in the third quarter and favourable development was reported for order intake and invoiced sales. While both Sandvik Mining and Construction and Sandvik Tooling registered high demand.

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.

We have invested 4 mn Euro for our Goa facility expansion

We will showcase at Excon, the Telebelt TBS130 used for big infrastructure projects like power dams to convey concrete which is too rough to be pumped, says Michael Schmid-Lindenmayer, Managing Director, Putzmeister Concrete Machines in an interview to Equipment India.

We will showcase new trailers and boom placers at Excon.

We will show our most comprehensive product range of concrete pumps at Excon 2011. These are our full range of trailer pumps and our high tech boom placers,says Michael Schmid Lindenmayer, Managing Director, Putzmeister Concrete Machines

Sandvik signs major deal

Sandvik Mining and Construction has signed a major contract with Boral, an international buil?ding and construction mate?rials supplier in Australia. The order includes design, supply, instal?lation and commissioning of a new quarry plant for Boral?s Peppertree site which is situated in New South Wales.

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