Schwing Stetter MD: YoY demand for concrete equipment will be at 20-25%

11 May 2021 CW Team

Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation and recycling. Schwing Stetter (India) manufactures concrete batching plants, concrete placing booms, concrete pumps, truck mounted concrete boom pumps, shotcreting machines, concrete truck mixers for transporting readymade concrete to construction sites, concrete truck mixers with concrete pumps, concrete recycling plants, plastering pumps, self-loading concrete mixers, self-propelled concrete mixers and sludge pumps.

Speaking on the concrete equipment market, which is going through a difficult phase due to the coronavirus pandemic, VG Sakthi Kumar, Managing Director of Schwing Stetter (India), had this to say: “The concrete equipment market is no exception in this pandemic, but not to the level of other equipment segments like excavator, transport, haulage or similar equipment. We have seen the fast recovery in the end of 2020 and ended up in a decent sales volume (15% less than last year). The current market size is approximately at 150 batching plants, 150 concrete pumps, 750 concrete truck mixers and 350 to 400 self-loading mixers per month, provided the lockdown restrictions does not affect the demand from the industry. The year 2021 should see an increase of 20% over 2019.”

He added, “The YoY demand will be at 20 to 25% in today’s scenario. Roads and highways will be the real differentiator. Metros and high-speed rail will give the momentum to the business. This can be met by Government’s keen initiatives on completion of existing projects and awarding new projects.”

Read full interview

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

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..