Powered by the new line-up, the company aims to increase its growth and showcase high-tech leadership in concreting and construction equipment manufacturing. Said V.G. Sakthikumar, Managing Director, Schwing Stetter India, “This year marks a significant milestone for Schwing Stetter as we celebrate our 25 years in India. Our aim is to launch a minimum of 25 new products this year which will impact the dynamics of the construction industry and stimulate infrastructure innovation in the country. Our first 14 new products are built to improve the efficiency and competence the sector needs. With the line-up, we will enhance our product line and achieve tremendous growth by leveraging pioneering innovation and research in concreting & construction equipment manufacturing.”
Currently, Schwing Stetter India has one of the strongest partners and collaborators for Construction Equipment in the country – with more than 28 dealers with XCMG machineries, 2500 employees, and 12 service centers. The company has doubled its revenue to Rs. 4000 crores over the last two years and plans to grow further in 2023 in both the domestic and export markets.
Schwing Stetter India is a 100% subsidiary of Schwing GmbH, a 1.30 billion USD German concreting machinery manufacturer and a part of the XCMG group. Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation, and recycling. Schwing Stetter (India) Private Limited manufactures concrete batching plants, concrete placing booms, concrete pumps, concrete truck mixers for transporting readymade concrete to construction sites, concrete truck mixers with concrete pumps, and concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.
Schwing Stetter (India) is an OEM supplier to various cement companies that offer ready-mix concrete. It sells and services equipment like concrete pavers, aerial working platforms, all-terrain cranes, cold milling machines, crawler cranes, excavators, horizontal directional drilling, motor graders, rotary drilling rigs, tower cranes, truck cranes, and wheel loaders, etc, many of which have been launched by GOMACO and XCMG.