Plant & Equipment Secures Funding to Expand Auction Business

07 Jul 2026 CW Team

Plant & Equipment (P&E), a global heavy equipment marketplace, has secured asset-backed financing to accelerate the growth of P&E Auctions, its auction business serving buyers and sellers across the Middle East, Africa and other international markets.

The investment will be used to acquire physically inspected construction equipment, lifting machinery and commercial vehicles, enabling the company to provide minimum guarantees on assets sold through its auction platform.

Launched in December 2023, P&E Auctions has expanded rapidly following the success of the company's online marketplace. According to the company, the auction business recorded strong growth in 2024 and 2025 while maintaining uninterrupted operations during the regional disruptions of 2026.

The funding will support the acquisition of construction machinery, including loaders, excavators and bulldozers, as well as trucks and access equipment such as scissor lifts and boom lifts sourced from rental fleets. These assets will be deployed across equipment trading, remarketing, auctions, rental partnerships and cross-border transactions.

P&E said the investment will also strengthen equipment availability across key international markets and further expand its integrated marketplace and auction ecosystem.

The company enhanced its operational capabilities in 2024 through the acquisition of Global Equipment Trading (GET) and the establishment of a facility in Dubai's Jebel Ali Free Zone. The hub supports equipment sourcing, inspection, storage and international logistics, reinforcing P&E's global equipment trading operations.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..