The Weight of COVID-19
01 May 2020
Towards the end of FY2020, the concrete industry was beginning to look up.
“In Q3 and Q4 of FY2020, it appeared that we were over the slowdown of the past few years,” affirms Ranjit More, Managing Director, Universal Construction Machinery. “We had sufficient orders and enquiries were pouring in from across India and the world, especially after the COVID-19 outbreak in China, as manufacturing in that country was compromised.”
“Sales of concrete pumps, batching plants and self-loading mixers in January and February 2020 were comparable to the first two months of 2018 (a good year for the construction equipment industry) so we expected to do well in 2020,” shares VG Sakthikumar, Managing Director, Schwing Stetter India, Convenor f