As a part of its strategy to enhance the product range of construction equipment business, Greaves Construction Equipment Business, a division of Greaves Cotton Limited has tied up with a Japanese Company Nikko to manufacture asphalt hot mix plant in India, primarily used for road construction projects.
Speaking to media here at Greaves plant unit in Chennai, R.Nandagopal, chief executive officer, construction equipment business, said, “While the control systems, burners and other critical items will be from Nikko, the fabrication will be done in India.” Nandagopal also hinted that Greaves would export concrete pumps to Samil Korea with whom it had signed a technology agreement a year ago. Greaves also is contemplating on tapping the export market by supplying to Samil Korea during the course of the year.
The company will increase its overseas market share from current 3 per cent to 10 per cent in next three to five years. The company will be in the process of expanding its distribution through dealers network in overseas market.
Since the market for S-valve concrete pumps used in road laying purpose is growing due to NHAI activities in the country, the demand for these newly launched pumps will help to improve the pace of the construction work.
The newly launched S Valve stationery concrete pumps, made out of South Korean Samil technology, are designed primarily for infrastructure construction activities in high-rise commercial and residential buildings and other heavy-duty construction activities such as laying dams and bridges.
Speaking about the transit mixers market, Sunil Pahilajani, managing director, MD and CEO of the company said, the market size has come down due to economic slowdown. Last year, the market size for transit mixers was 2,000 units down from 2,200 units in the previous year. During the first quarter of the current year, the market size was around 400 units, thereby the market for the whole year is expected to reach less than 2,000 units , he added.