According to Manish Mathur, the CEO of Action Construction Equipment (ACE), a new plant for heavy machines is set to be commissioned. This development will significantly enhance their capacity, increasing it 3-4 times compared to the current scenario(A new plant for heavy machines will soon be commissioned which will increase our capacity 3-4 times. - Top Construction and Infrastructure Magazine).
Here are the key points from the article:
- Current Market Scenario:
- ACE is the largest mobile crane manufacturer in India and holds the distinction of being the world’s largest manufacturer of pick-n-carry cranes.
- The cranes market in India is witnessing robust growth, with a 25-30% YoY rate.
- The economy’s momentum and the government’s focus on infrastructure and manufacturing are expected to sustain this growth at a 15-20% CAGR.
- Infrastructure development and the demand for higher capacities and innovative construction equipment are driving the industry forward.
- Technology Trends:
- Technology plays a pivotal role in providing economically and environmentally viable solutions.
- ACE integrates Telematics into its equipment, allowing remote monitoring and supervision of functional parameters.
- The company constantly adapts global technologies to Indian working conditions.
- Future Outlook:
- ACE aims to expand its range of crawler and truck cranes.
- The upcoming plant will significantly boost their production capacity, positioning them for continued success in the heavy machinery sector(A new plant for heavy machines will soon be commissioned which will increase our capacity 3-4 times. - Top Construction and Infrastructure Magazine).
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