Schwing Stetter India, a concrete and construction equipment providers, has launched a noteworthy product lineup at Excon 2023, addressing the challenges faced by the Construction Equipment (CE) subsegments, including mining, ports, material handling, and road & highway infrastructure in India. This strategic move is expected to play a crucial role in the company’s ambitious long-term growth plans. The announcement was accompanied by the revelation that Schwing Stetter India achieved a remarkable total revenue of ₹5,000+ crore in 2023. The company attributes this impressive double-digit Year-over-Year growth of 35% in 2023 to its consistent investments in Research and Development (R&D), a steadfast focus on sustained growth strategies, expansive portfolio development across key industries and markets, and the unwavering commitment of its workforce to excellence and expansion.
Established in June 1998 and launching manufacturing operations in 1999, Schwing Stetter India is a wholly-owned subsidiary of Schwing GmbH, a German concreting machinery manufacturer with a market value of 1.30 billion USD and a key part of the XCMG group. The company deals in manufacturing equipment for concrete preparation, placement, transportation, and recycling, Schwing Stetter (India) Private Limited is at the forefront of producing a wide range of concrete-related machinery. The product portfolio of Schwing Stetter (India) includes concrete batching plants, concrete placing booms, concrete pumps, concrete truck mixers for efficient transportation of ready-made concrete to construction sites, concrete truck mixers with integrated concrete pumps, concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.
Schwing Stetter (India) engages in the sales and servicing of various equipment, such as concrete pavers, aerial working platforms, all-terrain cranes, cold milling machines, crawler cranes, excavators, horizontal directional drilling machines, motor graders, rotary drilling rigs, tower cranes, truck cranes, and wheel loaders. These recent additions to the equipment range have been launched in collaboration with GOMACO and XCMG. The company caters to the needs of infrastructure developers and serves as an Original Equipment Manufacturer (OEM) supplier to numerous cement companies offering ready-mix concrete. Schwing Stetter operates manufacturing units in 12 countries, including Germany, Austria, the USA, Brazil, Russia, Ostrava, and the UK, with a strong presence in India. The company is further supported by sales and service centers in France, the Netherlands, Austria, and Sweden, along with representations in over 150 countries globally.
V G Sakthikumar, the Managing Director and Chairman of Schwing Stetter India, commented on the company’s substantial growth, stating, “The demand for our construction and concreting equipment machinery has been escalating significantly since the COVID-19 pandemic. The record-breaking volumes achieved over the years were made possible due to the stimulus measures implemented by the Government of India (GoI) to enhance infrastructure development in the country.”
Expressing optimism about the short and long-term growth prospects for 2024, Sakthikumar announced, “we are bullish about the short and long-term growth prospects for 2024 – therefore, we have launched 31 new products for mining, shipping, and road & highway infrastructure industries, including port container handling, mining support, and road patching equipment at Excon 2023. As we add more product categories due to robust demand, we will soon become a one-stop shop for customers in the construction industry.” The showcase at Excon 2023 featured an impressive display of over 70 machines by Schwing Stetter India. Sakthikumar, in this context, has also emphasized the company’s aims to reduce CO2 emissions in the environment through its ongoing initiatives.