+
“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.  

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code