Saturday, 22 November 2014

The current size of the concrete equipment market should be around Rs 2000 crore


For over three decades, Universal, an ISO certified company has been a solutions provider in the robust field of manufacturing construction equipment that caters to the specific needs of business. Construction Opportunities, the construction equipment magazine notes that the company, with huge investments in its infrastructure, strong R&D, extensive range of superlative products, wide spread sales and service network and global reach, has endeavoured to provide world-class construction equipment backed by fully equipped integrated manufacturing process. RAJESH KAWOOR, VICE PRESIDENT (CONCRETE BUSINESS), UNIVERSAL CONSTRUCTION MACHINERY & EQUIPMENT LTD, responded to questions from Construction Opportunities, the construction equipment magazine on the Indian ready mix equipment market.   


An assessment of the current RMC equipment market in India and main challenges for its growth: Currently the RMC equipment market is negative.  We are expecting it to improve by 2014 end; the overall market is likely to start growing at a faster rate in the near future, maybe by 2015. We expect the RMC equipment market to flourish from 2016 onwards. With regards to challenges, the biggest issue for RMC equipment is awareness of quality of concrete in Tier II and Tier III cities. Also, the projects not taking off at the expected pace affects the growth of the RMC equipment sector. In the hindsight, we have seen that that RMC equipment has grown gradually and we are positive that the market will keep growing in the future. 

Construction Opportunities, the construction equipment magazine gains an understanding of the current size of the market for concrete equipment and the company’s contribution:
The current size of the concrete equipment market should be around Mrs 2000 Corer. As a major supplier of small and medium concrete equipment, we are catering to all important demands of the industry. As far as bigger concrete equipment is concerned, we have started developing the division in recent years. We are growing at an average rate of around 15 per cent.  We have already started increasing our market share in bigger equipment and we are hopeful of reaching the league of the top three suppliers of bigger RMC equipment in the next three years. We have a strong market share in the bigger and medium size construction companies.

The performance of your company and products launched in 2013:
It is well understood that the market situation is not positive this year. We have experienced shortfalls in the bigger equipment sector in terms of our targets. However, we have done well in the smaller and medium equipment category. In 2013, we have launched our Self-loading Mixer which is totally designed and developed in house, whereas the other comparable machines available in India are designed and developed in association with overseas partners. We have also launched Concrete Batching and Mixing Plants of higher capacity of 60 cum/hr. which was not there in Universal’s product portfolio earlier.
We along with our partner Zoom lion have launched the High Pressure, High Performance Concrete Pump which can place concrete at height of approximately 220 metre.more info