“Demand for big machines is growing.”
Equipment

“Demand for big machines is growing.”

After China, India is considered the single big market for Liugong for construction equipment. Zeng Guang’an, Chairman, Guanxi Liugong Group Co, shares more on the company’s plans and market outlook… 

One pathbreaking offering: India is an important market for Liugong globally. We are offering new machines and solutions in the excavators and wheel loader market in India.      

Demand drivers in 2019: In infrastructure development, roads contributes to major growth. 

And a lot of equipment being used, such as excavators, backhoe loaders, motor graders, rollers, etc, will have more demand. Mining and quarrying will also see growth owing to more demand for aggregates and other raw materials in road construction. Here, the big mining machines will see some growth in demand. 

Announcement contributing to the company’s growth in 2018: Liugong is increasing production of construction and mining machinery as demand is about to pick up in the current year and going forward.

Challenge for the company in 2019: The major challenge we are facing is importing components from abroad, including engines, which keeps the production cost higher. This has been a major challenge for every manufacturer.

With more and more production facilities being opened up, getting a professionally qualified and trained workforce is also a challenge.     

Key strategy to success in 2019: Our strategy to success is based on four key principles: Cost-effective operations, quality of machines, people, and cooperation, as we need good vendors and dealers for a successful business.      

Recommendation for growth of the construction equipment market: Good technology and better after-sales support to customers are important for the growth of the construction equipment market.
 

After China, India is considered the single big market for Liugong for construction equipment. Zeng Guang’an, Chairman, Guanxi Liugong Group Co, shares more on the company’s plans and market outlook…  One pathbreaking offering: India is an important market for Liugong globally. We are offering new machines and solutions in the excavators and wheel loader market in India.       Demand drivers in 2019: In infrastructure development, roads contributes to major growth.  And a lot of equipment being used, such as excavators, backhoe loaders, motor graders, rollers, etc, will have more demand. Mining and quarrying will also see growth owing to more demand for aggregates and other raw materials in road construction. Here, the big mining machines will see some growth in demand.  Announcement contributing to the company’s growth in 2018: Liugong is increasing production of construction and mining machinery as demand is about to pick up in the current year and going forward. Challenge for the company in 2019: The major challenge we are facing is importing components from abroad, including engines, which keeps the production cost higher. This has been a major challenge for every manufacturer. With more and more production facilities being opened up, getting a professionally qualified and trained workforce is also a challenge.      Key strategy to success in 2019: Our strategy to success is based on four key principles: Cost-effective operations, quality of machines, people, and cooperation, as we need good vendors and dealers for a successful business.       Recommendation for growth of the construction equipment market: Good technology and better after-sales support to customers are important for the growth of the construction equipment market.  

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?