Construction Mirror Article detail

Schwing Stetter India is preparing to invest about ?400 crore in a capacity expansion programme, which will also include setting up a greenfield unit, as the leading concreting and construction equipment manufacturer is bullish on future growth prospects due to massive infrastructure development projects in the pipeline.The company, a 100 per cent subsidiary of Schwing GmbH, a German concreting machinery manufacturer that is part of China’s XCMG group, came out strongly after the impact of Covid and recorded an average growth of 55 per cent in the past couple of years.“This year, we expect to grow by about 30 per cent and this a conservative estimate,” V G Sakthikumar, Managing Director of Schwing Stetter India (SSI) stated.