Construction and concreting equipment manufacturer uses leading industry platform to introduce new range of products; doubles revenue to Rs 4,000 crore.
Schwing Stetter India, one of the country’s leading construction and concreting equipment manufacturers, had unveiled 14 new products at the Bauma CONEXPO India 2023, New Delhi, held from January 31 to February 3. Nitin Gadkari, Union Minister for Road Transport & Highways, launched one of the key products during the event.
With this new product range, the company aims to increase its growth and showcase high-tech leadership in concreting and construction equipment manufacturing. The new products include a Shotcrete pump (from R&D) - TSR 30.14 (EV), Cylinder Finisher - CF450 XXV, and Belt Conveyor - 40m.
V G Sakthikumar, Managing Director, Schwing Stetter India, said, “This year marks a significant milestone for Schwing Stetter as we celebrate our silver anniversary of 25 years in India. Therefore, we aim to launch a minimum of 25 new products this year that will impact the dynamics of the construction industry and stimulate infrastructure innovation in the country.”
Schwing Stetter India states that it has one of the strongest partners and collaborators for construction equipment in the country – over 28 dealers with XCMG machineries, 2,500 employees, and 12 service centres. The company has doubled its revenue to Rs 4000 crore over the past two years and plans to grow further in 2023 with a focus on the domestic and export market.
Schwing Stetter (India) 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, and concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.
The company also sells and services equipment like concrete pavers, aerial working platforms, all-terrain cranes, cold milling machines, crawler cranes, excavators, horizontal directional drilling, motor grader, rotary drilling rig, tower crane, truck cranes, and wheel loaders launched recently from GOMACO and XCMG.
Schwing Stetter has its manufacturing units in 12 countries including Germany, Austria, USA, Brazil, Russia, Ostrava, UK, and India supported by sales and service centres in France, Netherlands, Austria, and Sweden as well as representations in more than 150 countries worldwide.
ALSO READ: Schwing Stetter India celebrates 25th anniversary with new logo
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