Requirement for bigger plants will come down in 2019
Concrete

Requirement for bigger plants will come down in 2019

Premraj Keshyep, Managing Director, KYB Conmat, speaks on its tower plant, developing a compact plant, demand drivers for the coming year, and more….

One pathbreaking offering: We have introduced a tower plant for the city environment. The plant has a footprint of 6 m × 8 m with vertical space and works in a total dust-free environment.

Demand drivers in 2019: The last few years were mainly dominated by the roads and concrete road sector, and we had a lot of demand from the roads sector. Being an election year, I do not foresee new projects on roads to be in house, so the requirement for bigger plants will come down. However, the requirement for middle-level plants, like 60-75 cu m plants, will go up as the focus will be on completion of existing projects. I foresee the development of the irrigation sector.

Announcement contributing to the company’s growth in 2018: Realigning the product segment and introducing a compact plant were the major announcements. This time, we have developed a compact plant to give the offering for almost all sectors.

Challenge for the company in 2019: Challenges will be many on account of elections, thus leading to fluctuation in demand. Besides, a lot of Chinese companies are entering the market with lower prices but there is no effort to develop technology or introduce new technology. 

Key strategy to success in 2019: We have a diverse portfolio and our focus on services is increasing. 
Recommendation for the growth of the construction equipment market: We request the forthcoming government to maintain growth, and manufactures to put in efforts to develop technology rather than offering substandard machines.