COMMING SOON
LATEST NEWS
SCHWING Stetter inaugurates its Raipur branch
Scouts for land to set up new manufacturing facility in Raipur.
 
SCHWING Stetter India, one of the pioneers of concrete construction equipment in India, has recently inaugurated its upgraded branch in Raipur. The new branch was inaugurated by Anand Sundaresan, Managing Director, SCHWING Stetter India, and V G Sakthikumar, Chief Operating Officer, SCHWING Stetter India. With the commencement of this upgraded branch, SCHWING Stetter aims to target the booming construction market and active customer base in Raipur.
Speaking on the occasion, Anand Sundaresan, Managing Director, SCHWING Stetter India said, 
“Schwing Stetter is getting ready to tap the $1-trillion funds that the government has earmarked for infrastructure development under the 12th Five-Year plan starting 2012. We are also looking at setting up a manufacturing plant in Raipur for which we are scouting for land.”
Added V G Sakthikumar, Chief Operating Officer, SCHWING Stetter India, “Schwing Stetter has recently opened branches in Goa, Patna and Jamshedpur and now an upgraded branch in Raipur. Today, the construction equipment industry is expected to do much better than last year in terms of domestic sales and exports. Steady prices of raw materials, new launches, increase in competition and a healthy economy will also contribute towards the growth of the manufacturing industry in India.”
The Chhattisgarh government has collected revenue of `800-crore from stamp duty and registration fee on land transactions, due to which the size of the real estate industry has grown to over `11,000-crore in Chhattisgarh in the current fiscal year, thus leading to a construction boom. According to the latest Morgan Stanley research report, smaller cities are scoring over metros in terms of growing urbanisation, and  cities such as Jalandhar, Aurangabad, Bhubaneswar, Agra and Raipur are believed to be the next ‘Cities of Opportunities’.
The report measures the key drivers of urbanisation, such as physical infrastructure, financial penetration, consumer services and job listings in the top 200 cities (by population) in India. The vibrancy index is aimed at helping investors evaluate companies’ strategic positioning in urban centres and monitor sector trends.
“Construction equipment (CE) industry has the potential to grow at 19-22 percent cumulative annual growth rate to reach $20-25-billion by 2020,” said industry body CII in a report. With infrastructure demand to quadruple in 15 years, players are hopping in to catch up with the massive demand in roads, sport complexes, stadiums, dams, power projects, ports infrastructure developments, etc.
Leading the way
JCB, India's No. 1 construction equipment company achieves record milestone in India; unveils its 100,000th machine

JCB India Ltd., India’s numero uno construction equipment company, achieved a new landmark by producing and selling its 100,000th machine in India. The 100,000th machine was unveiled by Shri Kamal Nath, Hon'ble Minister for Road Transport and Hi   READ MORE...
*****
Platts to introduce world’s first daily thermal coal price assessments for India
New price data to aid value discovery and risk management of India-bound thermal coal

Platts, one of the world’s foremost providers of energy and metals information, announced that, on September 1, 2010, it is expanding its suite of thermal coal price assessments to include a daily spot value for thermal coal destined for the Indian marketplace. The new price assessments, which incl   READ MORE...
*****
Stronger than expected
Sales up 73pc as Volvo CE rebounds strongly in second quarter

Looks like the global construction equipment industry is recovering faster than earlier predicted, evidenced by Volvo CE’s significantly improved second quarter 2010 financial results. Strongly driven by the BRIC markets of Brazil, Russia, India and China – which increased by 63 percent during the quarter – the total worl   READ MORE...