EQPT News

Hyundai Construction Equipment to provide 2,200 mini excavators to CNH Industrial
Published on: Aug 02, 2017

Hyundai Construction Equipment announced that it has struck a deal to provide CNH Industrial with 2,200 mini excavators for a total of $449 million by 2021.

Hyundai also said it would like to expand its global reach by increasing annual sales in North America by 40 percent.

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Schwing Stetter in partnership with US start-up Einsite for construction solution
Published on: Jul 25, 2017

Leading ready-mix concrete equipment maker Schwing Stetter, headquartered in Germany, joins hands with Einsite, US-registered Internet-of-Things (IoT) start-up which is having development centre in Hyderabad. The partnership between two companies is to digitise construction project management and execution. The partnership deal was signed by the Indian subsidiaries of the two companies — Invento Labs and Schwing Stetter India.

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Construction equipment sales expected to grow 15 per cent on infrastructure push
Published on: Jul 19, 2017

Driven by government push to infrastructure sector the sale of construction equipment is expected to grow 10-15%. The growth expected in the segment this year will come despite an increase in the prices of construction machines under the goods and services tax (GST) regime. 

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Volvo launches P6820C ABG paver in India
Published on: Jul 13, 2017

Volvo Construction Equipment (CE) has recently launched its new mid-sized P6820C ABG paver in India.  Powered by Volvo’s D6E COM IIIA/EPA Tier 3 engine, the paver is considerably more powerful than its predecessor.

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LiuGong wheel loader sales exceed 350,000 units
Published on: Jul 06, 2017

LiuGong recently celebrated selling over 350,000 wheel loaders worldwide. More than 300 people from the government and industry associates, LiuGong founding members, customers dealers, partners, key accounts and media attended the ceremony to witness the historical moment of achieving this milestone.

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Cat Excavator makes cameo in " Transformers: The Last Knight"
Published on: Jun 28, 2017

A Cat excavator is next  to make an appearance on the big screen when it joins the team of hero robots in the highly anticipated film “Transformers: The Last Knight,” directed by Michael Bay. Along with the movie’s release, Caterpillar has announced that one of its machines has a small part in the film. The company says a Cat 320 excavator can be seen “hiding in an auto salvage yard” alongside Mark Wahlberg‘s character Cade Yeager and a group of Autobots.

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JCB116 Soil Compactor - New addition to JCB's Road Compaction portfolio
Published on: Jun 15, 2017

JCB India has added JCB116 (11T Class Soil Compactor) to its existing range of road compaction equipment. Previously the company had two world-class products - the VMT330 (3T Class Mini Tandem Roller) and the VMT 860eco (9T Class Tandem Roller).

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India will continue to be the largest market for backhoe loaders: Report
Published on: Jun 13, 2017

A new report from Persistence Market Research (PMR) says global backhoe loaders market to grow to USD 4 Bn by 2026. The top eight manufacturers account for 85% of the worldwide revenue of USD 2.14 Bn backhoe loaders market in 2015.

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John Deere Adds German Expertise With Wirtgen
Published on: Jun 08, 2017

John Deere has announced its largest acquisition to date with Wirtgen. The deal is worth over $5 billion for adding some German expertise. There is a strong strategic and financial rationale behind the deal, as the transaction could create a lot of value for John Deere in the coming years.

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Volvo unveils the EX2: First fully electric compact excavator prototype
Published on: Jun 01, 2017

Volvo Construction Equipment has unveiled a fully electric compact excavator EX2 at its inaugural Innovation Summit in London, what the company believes to be the first fully electric compact excavator prototype.

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