Schwing Stetter India announces entry in CE-subsegments at Excon 2023; reports Rs.5,000+ crore total revenue in 2023.
The new path breaking construction product line-up covers mining, shipping, and road & highway infrastructure industries; to play a major role in achieving long-term growth plans.
Schwing Stetter India – one of the country’s leading concreting & construction equipment manufacturers, recently announced new product line-ups at Excon 2023; the launched vehicles to strengthen the Schwing Stetter ecosystem and help address the pain points of the CE-subsegments – mining, ports, material handling and road & highway infrastructure in India. In addition, the company reported revenue of `5,000+ crore in 2023 and credits its double-digit Year-over-Year (35% in 2023) growth to its continued R&D investments, unwavering focus on long-term growth plans, portfolio expansion across key industries and markets, and the determination of employees to perform and grow.
Speaking about the growth of Schwing Stetter India, V G Sakthikumar, Chairman & Managing Director, said, “Demand for our construction and concreting equipment machinery has been increasing at a stellar rate since COVID-19; the record volumes over the years were possible because of the stimulus measures put in place by the Government of India (GoI) to boost infrastructure development in the country.”
“Also, we are bullish about the short and long-term growth prospects for 2024 – therefore, we have launched 31 new products for mining, shipping, and road & highway infrastructure industries, including port container handling, mining support, and road patching equipment at Excon 2023. As we add more product categories due to robust demand, we will soon become a one-stop shop for customers in the construction industry,” he added.
At Excon, Schwing Stetter India displayed over 70+ machines and reiterated its sustainability efforts to achieve CO2 reduction in the environment.
About Schwing Stetter India Private Limited:
Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100% subsidiary of Schwing GmbH, a 1.30 billion USD German concreting machinery manufacturer and a part of XCMG group. Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation, and recycling. Schwing Stetter (India) Private Limited manufactures concrete batching plants, concrete placing booms, concrete pumps, concrete truck mixers for transporting readymade concrete to construction sites, concrete truck mixers with concrete pumps, concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.
Schwing Stetter (India) sells and services equipment like concrete pavers, aerial working platform, all terrain crane, cold milling machine, crawler crane, excavator, horizontal directional drilling, motor grader, rotary drilling rig, tower crane, truck crane and wheel loader are our various newer range of equipment that have been launched recently from GOMACO and XCMG. We cater to the requirement of infrastructure developers and act as an OEM supplier to various cement companies who offer ready mix concrete. Schwing Stetter has its manufacturing units in 12 countries including Germany, Austria, USA, Brazil, Russia, Ostrava, UK, India supported by sales and service centers in France, Netherlands, Austria, and Sweden as well as representations in more than 150 countries Worldwide.
For more details visit: www.schwingstetterindia.com
