An improvement in European and North American sales could not offset continued weakness in Asia leading to Volvo Construction Equipment sales falling by 5% year-on-year in Q1 2015.
Sales in China in particular were less than half what they were in the same period of 2014, the Swedish sector giant said.
“We are working to adapt to lower volumes and are implementing a series of measures to reduce cost levels. However, our efforts could not fully offset the significant drop in volumes,” said Volvo Const
An improvement in European and North American sales could not offset continued weakness in Asia leading to Volvo Construction Equipment sales falling by 5% year-on-year in Q1 2015.
Sales in China in particular were less than half what they were in the same period of 2014, the Swedish sector giant said.
“We are working to adapt to lower volumes and are implementing a series of measures to reduce cost levels. However, our efforts could not fully offset the significant drop in volumes,” said Volvo Const
$14 billion awarded in the national highway sector of which around $4 billion will be for small roads in rural areas.
Makers of small construction equipment should take a closer look at the Indian market given the government’s focus on rural roads.
During its bauma Forum presentation, Anand Sundaresan, president of the Indian Construction Equipment Manufacturers’ Association (ICEMA), said there is an urgent need for equipment suited to small projects. These include breakers and small pavers of around
