Schwing Stetter announces entry in CE sub segments
Equipment

Schwing Stetter announces entry in CE sub segments

Schwing Stetter India, one of the country's leading concreting & construction equipment manufacturers, recently announced new product line-ups at Excon 2023; the launched vehicles to strengthen the Schwing Stetter ecosystem and help address the pain points of the CE-subsegments mining, ports, material handling and road and highway infrastructure in India.

In addition, the company reported revenue of Rs 5,000+ crore in 2023 and credits its double-digit Year-over-Year (35% in 2023) growth to its continued R&D investments, unwavering focus on long-term growth plans, portfolio expansion across key industries and markets, and the determination of employees to perform and grow.

Speaking about the growth of Schwing Stetter India, V G Sakthikumar, Managing Director and Chairman, said, ?Demand for our construction and concreting equipment machinery has been increasing at a stellar rate since COVID-19; the record volumes over the years were possible because of the stimulus measures put in place by the Government of India (GoI) to boost infrastructure development in the country.

?Also, we are bullish about the short and long-term growth prospects for 2024 therefore, we have launched 31 new products for mining, shipping, and road & highway infrastructure industries, including port container handling, mining support, and road patching equipment at Excon 2023. As we add more product categories due to robust demand, we will soon become a one-stop shop for customers in the construction industry, he added.

At Excon, Schwing Stetter India displayed over 70+ machines and reiterated its sustainability efforts to achieve CO2 reduction in the environment.

Schwing Stetter India, one of the country's leading concreting & construction equipment manufacturers, recently announced new product line-ups at Excon 2023; the launched vehicles to strengthen the Schwing Stetter ecosystem and help address the pain points of the CE-subsegments mining, ports, material handling and road and highway infrastructure in India. In addition, the company reported revenue of Rs 5,000+ crore in 2023 and credits its double-digit Year-over-Year (35% in 2023) growth to its continued R&D investments, unwavering focus on long-term growth plans, portfolio expansion across key industries and markets, and the determination of employees to perform and grow. Speaking about the growth of Schwing Stetter India, V G Sakthikumar, Managing Director and Chairman, said, ?Demand for our construction and concreting equipment machinery has been increasing at a stellar rate since COVID-19; the record volumes over the years were possible because of the stimulus measures put in place by the Government of India (GoI) to boost infrastructure development in the country. ?Also, we are bullish about the short and long-term growth prospects for 2024 therefore, we have launched 31 new products for mining, shipping, and road & highway infrastructure industries, including port container handling, mining support, and road patching equipment at Excon 2023. As we add more product categories due to robust demand, we will soon become a one-stop shop for customers in the construction industry, he added. At Excon, Schwing Stetter India displayed over 70+ machines and reiterated its sustainability efforts to achieve CO2 reduction in the environment.

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?