24 July 2019

Table of Contents for Ticker Tape





Ticker Tape: Equpment

Balkrishna Industries to build $100 mn Production Facility in US

BKT, one of the leading Off-Highway tire manufacturers headquartered in India, hits again the headlines with its announcement of a 100-milion- dollar construction project for a new production site to serve not only the US markets but the entire American region. This new production site will be the multinational group’s first manufacturing site outside India. America is becoming an increasingly interesting and expanding market. This positive outlook led to the decision of establishing a new wholly-owned subsidiary company in the USA to set up a greenfield project for the construction of a new tire manufacturing plant in the USA designed for a yearly production capacity of about 20,000 MT in the entire Off-Highway tire segment. The project for the construction of a US tire manufacturing plant providing for a total capital expenditure of approximately 100 million US dollars is presently at its initial stage. The company is looking for an appropriate terrain, which will be defined by the end of this year, so that land acquisition will take place by the end of the first quarter 2019 Project completion is expected by March 31, 2021.

 

SDLG to launch new wheeled loader in India

SDLG has announced that it will be launching a new five tonne wheeled loader to the Indian market during the upcoming Bauma Conexpo India show, due to the high demand for wheeled loaders in this country. The new model is said to feature a larger bucket capacity, heavier operating weight and a new cooling design system. With the Indian government continuing to invest in infrastructure, the new wheeled loader will be a great fit for heavy-load applications such as material handling, land clearing and general earthmoving. Since 2015, the construction industry in India has grown strongly. The government has invested heavily in infrastructure projects, making them a national priority.

 

 

GOMACO Xtreme GT-3600 curb & gutter machine

GOMACO's new Xtreme GT-3600 curb and gutter machine will be displayed for the first time ever in GOMACO's booth in the Central Hall at World of Concrete 2019. The GT-3600 was the first three-track machine to slipform a 24-inch (610-mm) radius, and now, with the Xtreme package on board, tight radius paving is easier and more efficient than ever before. The Xtreme package adds G+ radius software with slew drives, smart-sensored hydraulics, and intelligence to the GOMACO GT-3600. The GT-3600 will be just one of the GOMACO curb and gutter machines featuring Xtreme technology on display at World of Concrete 2019. The Xtreme Commander IIIx will be displayed slipforming a tight radius curb and gutter application, while the 3300 will be set up as a right-side pour curb and gutter machine.

 

 

Cat 330 and 330 GC Next Generation excavators

The Next Generation 30-ton size class excavators from Caterpillar – the 330 and 330 GC – increase operating efficiency, lower fuel and maintenance costs, and improve operator comfort compared to previous models. The new excavators offer unique combinations of features designed to match contractors' productivity and cost targets.

Delivering high-production performance, the new Cat 330 features standard integrated Cat Connect technology and the most power and lift capacity of the two models. Caterpillar says that the result is maximum productivity at the lowest cost. The new Cat 330 GC combines the right balance of productivity features with reduced fuel consumption and maintenance costs. The result is high reliability and low-cost-per-hour performance.

 

 

Ashok Leyland gears up for Electric Vehicle onslaught

Ashok Leyland, a Hinduja Group flagship, is betting big on the electric vehicle (EV) front. The company is gearing up to launch at least four EV products in 2019, including a bus, a light commercial vehicle (LCV), a last-mile connectivity product and a medium vehicle. The company also hinted at its entry into the ‘shared transit’ model on global lines with an electric disruptive vehicle which will be for both urban and rural markets. The Hinduja firm said it is working with over a dozen companies (mostly start-ups) in the e-vehicle space both in India and abroad, and is ready to test-market four different vehicles in 2019 in India, including some disruptive products.

 

 

Indian Construction Equipment Records 24 per cent Growth in FY18

The demand for Indian Construction Equipment (ICE) grew by 24 per cent in FY 2017-18, up from 13 per cent in FY 2015-16, and the sector crossed 90,000 units for the first time due to increase in infrastructure expenditure, according to an ASSOCHAM-Feedback consulting joint study. The Indian Construction Equipment industry grew despite the hiccups of emission and GST during April and July 2017, respectively. Demonetisation also had a negligible effect on the industry growth, conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with consulting firm Feedback. The government, which is a major demand driver, also plays a facilitator’s role through policy and regulations. It is the largest end customer accounting for nearly two thirds of the demand for ICE products and hence has a very significant impact on the industry. Also, its role in setting policy and regulation has a further impact on the industry. The study also highlighted that highway construction (Roads) has been one of the key drivers for equipment growth. Earthmoving & Mining equipments are largely used for initial land clearing for Road construction. Similarly, Concrete equipment witnessed a growth, Railways and Metro. Material Handling Equipment (MHE) growth was from a mix of Road & Railways, Metro segment. Material processing was largely led by the Quarry segment, which supplies aggregates to Road Construction, Railways, Irrigation sector and Real estate, noted the joint study.

 

 

VE Commercial Vehicles sells 5980 units in October2018

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5980 units in October 2018as compared to 5228 units in October 2017, recording a growth of 14.4 per cent.This includes 5826 units of Eicher brand and 154 units of Volvo brand.

 

 

Mahindra tractor sales rise 17 per cent in Oct.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) has reported 17 per cent growth in overall tractor sales in October 2018 against the same month last year. Domestic sales in October 2018 were at 46,312 units, as against 39,516 units during October 2017, up 17 per cent . Total tractor sales (domestic and exports) during October 2018 were at 47,376 units, as against 40,562 units for the same period last year, up 17 per cent . Exports for the month stood at 1,064 units as against 1,046, up 2 per cent .

 

 

TAFE investing Rs.250 crores in capacity expansion in two Indian tractor plants

Tractor and Farm Equipment Company (TAFE), the country’s second largest tractor maker by volumes will target a capital investment of Rs.250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India, said Mallika Srinivasan Chairman and CEO of the company. The additional capacity is planned at its facilities in Bhopal, Madhya Pradesh which makes the company’s ‘Eicher’ brand of tractorsNSE 1.44 per cent and Doddaballapur, Karnataka which makes its TAFE brand of tractors. The company said its capacity utilisation across three plants (including another tractor making plant in Madurai) currently stands at 110 per cent and its current capacity across these plants stands at 1, 58,000 tractors. TAFE has facilities in Tamil Nadu, Rajasthan, Himachal Pradesh, Turkey and China.The tractor industry is expected to register a growth of 10-12 per cent in the current financial year at around 7, 85,000 – 7, 95,000 units of tractors, the highest thus far in the domestic market. In the last financial year, a record 7, 11,478 tractors were manufactured domestically.

 

 

Road construction: paving the way

In many counties around the world road construction is central to their government’s plans for economic development. According to information from Statista, between the years 2000 and 2010 the estimated annual worldwide expenditure on road infrastructure was $220 billion. For the period from 2010 to 2020, this number increases to $245 billion, and climbs again between 2020 and 2030 to $292 billion. Based on these figures from Statista, between the years 2020 and 2030, approximately the same amount of money will be spent on road infrastructure as is spent on electricity and rail infrastructure combined. India is no exception to this rule, with the Modi government making infrastructure investment one of their key policies, with the 2018 to 2019 budget setting aside a record $72 billion for infrastructure projects. In fact, last year around 10,000km of roads were laid in the country, at an average rate of approximately 28km per day. The government’s target for the coming 12 months now stands at 40km per day. Time will tell whether or not this rate is achievable, but, from a global perspective, developments in road construction technology are undoubtedly taking this sector into uncharted territory.

 

 

Compact loaders: Smaller models

The right machine for the right application is clearly important, in terms of efficiency, safety and other staple requirements of the jobsite, so there are times when compact equipment is necessary.

One company that is a compact equipment specialist is Bobcat, and this year it is celebrating the 60thanniversary of its skid steer loader. The company said that in 1958, Melroe Manufacturing Company, the forerunner to Bobcat, introduced a compact front-end loader that evolved quickly into the M-400, which Bobcat described as the world’s first true skid steer loader. The M-400 adopted the Bobcat brand in 1962. Much has changed in that time, and indeed many of the innovations that have led the compact loader to where it is today have been introduced relatively recently.

 

 

Fuels & Fuel Efficiency: The power to save

Choosing the right fuel and making sure it is used efficiently are important concerns in the construction industry. According to Peter-Valentin Sauter, quarry industry consultant at Caterpillar, about one third of total operation costs on construction sites in Europe can be attributed to fuel. And that is just one part of the equation. It is becoming increasingly important to take into account environmental factors, with legislative measures such as EU Stage V and low emission zones (LEZ) putting pressure on the industry. What’s more, idling time also reflects the number of non-productive hours being added to the clock, and it drives up service intervals, increases maintenance costs and can even result in lower resale value.

 

 

Schwing Stetter to set up new facility worth Rs.350 crore in Tamil Nadu

Concrete equipment manufacturer, Schwing Stetter India announced its plan to set up a new 53-acre manufacturing facility at an investment of Rs.350 crores in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu. The new facility which will be 60 kms away from the company's existing facilities is intended to further focus on meeting the emerging infrastructure needs in India and the company's export potential in Asian and African markets. The company will be investing Rs.350 crores in two phases. The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production.




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