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Tag: demand
Business
Forecast expects global demand for construction equipment to reach $189 billion by 2017
Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a click of 6 percent per year, reaching $189 billion by 2017. The report, put together by market research firm the Freedonia Group, says the Chinese market “will climb at a double-digit annual rate” while the […]
August 13, 2013
Business
Hitachi restores excavator production in China
After shutting down operations for half a month last year at its excavator plant in the eastern Chinese province of Anhui, Hitachi Construction Machinery is now gradually increasing production there, Bloomberg reports. Chinese construction equipment sales fell 19 percent in 2012 to $32.3 billion, according to Bloomberg data. Like Komatsu, who a few days ago spoke […]
February 21, 2013
Business
PCA Pres: “Pendulum is swinging back” for construction industry (WOC 2013)
You don’t usually get a pair of sunglasses at a press conference. And, given the recent tough years for the construction industry, receiving a pair at Portland Cement Association’s World of Concrete press event as a way of saying “a bright future is ahead,” was a bit of a suprise. Chief Economist and new PCA […]
February 5, 2013
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