Construction Industry News
Schwing Stetter India, one of the country's leading concrete and construction equipment manufacturers, recently announced new product lines at Excon 2023; the vehicles launched to strengthen the Schwing Stetter ecosystem and help address the pain points of India's mining, ports, material handling and road and highway infrastructure sub-segments.
Additionally, the company reported revenue of over Rs 5,000 crore in 2023 and attributes its double-digit year-on-year growth (35% in 2023) to its continued investments in R&D, relentless focus on long-term growth plans and expansion of its portfolio throughout the world.key industries and markets, and the determination of employees to achieve and grow.
Speaking on the growth of Schwing Stetter India, VG Sakthikumar, Managing Director and President, said, “The demand for our construction and concrete equipment has increased at a tremendous pace since COVID-19; The record volumes over the years were made possible by the incentives introduced by the Government of India (GoI) to boost infrastructure development in the country.
We are also optimistic about the short and long-term growth prospects for 2024. That is why we have launched 31 new products for mining, shipping and road infrastructure, including port container handling, mining support and road repair equipment . Excon 2023. As we add more product categories due to strong demand, we will soon become a one-stop shop for construction industry customers, he added.
At Excon, Schwing Stetter India showcased over 70 machines and reiterated its sustainability efforts to achieve CO2 reduction in the environment.
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