In an article in Construction Briefing magazine, Ace Construction Equipment (ACE) executive director, Sorab Agarwal, cited India’s 6.5 percent annual GDP growth rate and expanding domestic and international markets for the company’s success.
ACE, based in Haryana, India, has posted year-on-year sales growth of 14.6 percent generating INR 3,420 crore (US$411 million) in revenue. That generated earnings of INR 599 crore (US#72.2 million) before interest, taxes, depreciation and amortisation. The company manufactures mobile, truck-mounted and tower cranes, piling equipment, backhoes, road building and maintenance equipment, loaders and telehandlers.
The article also reported that ACE had booked its largest single order ever, an INR 420 crore (US$50.6 million) project to deliver more than 1,100 telehandlers and associated equipment to the Indian armed forces.
-
Operator comfort and technology meet in the cab
Operator comfort and safety have emerged as major selling points for earthmoving equipment.
Read more -
Annual access confidence survey sees challenges and opportunities
Tariffs and increased competition in maturing markets are a challenge.
Read more -
Data-driven management for more profitable farming
Technologies and devices used in modern farming can generate vast amounts of data.
Read more -
Trust, not technology, will be the key to future success
Customers remain sceptical of the real world value technology can deliver.
Read more -
Diesel generator sets will continue to backstop the grid
Global power grids face a dual dilemma while transitioning to renewable generation technologies.
Read more -
Senior management board changes at Boels
COO Reiant Mulder will be succeeded by Lars Reehorst.
Read more -
Chinese lift market extraordinary growth over
Reporting says a slowing economy saw sales decline by 21 percent in 2024.
Learn More -
Mixed signals on European construction equipment rebound
Various industry groups are reporting the signals to be very mixed.
Read more
