Schwing Stetter India secures major deals at bauma CONEXPO; poised to increase revenue by 20% in 2025
Schwing Stetter India, a leading manufacturer of concrete construction equipment in India, announced a 20% revenue growth target for 2025 during its participation in bauma CONEXPO 2024 in New Delhi. The company showcased 45+ advanced machines, including 25% new products - launched crushers (under the material handling category) and upgraded models across construction equipment, concreting, and batching plants at Hall 14, E01.
The company forecasts that the concrete construction equipment market will experience steady growth in 2025, driven by government initiatives for ambitious infrastructure projects and a surge in construction activity post-monsoon season.
“This year’s expo provided the perfect stage for us to unveil our latest innovations. The overwhelming response to our newly launched concrete mixers, pumps, plants, earth moving, road machineries, specialized machineries and mining equipment, coupled with the significant orders received, reaffirms SSI’s position as a leading provider of efficient and reliable construction solutions in India. And, with the addition of crushers, we now offer products of all 5 major segments for the CE industry.,” said V.G. Sakthikumar, Managing Director & Chairman.
“Favourable macroeconomic conditions, coupled with increasing infrastructure investments worldwide, are driving this positive trend. In India, the infrastructure sector is poised for exceptional growth, backed by the Government’s $1.4 trillion investment plan under the National Infrastructure Pipeline and a focus on sustainable construction practices,” he added.
Schwing Stetter India is expected to close 2024 revenue above ₹5,600 crore and anticipates 20% growth in 2025.
Over 200 employees from sales, service, and marketing teams attended the expo. In addition, in line with the company’s commitment to empowering women in the manufacturing and construction sectors, the company featured a trained female technician conducting live machine demonstrations at the expo. This initiative builds on Schwing’s ongoing efforts to foster gender diversity and inclusion in the industry.
Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100% subsidiary of Schwing GmbH, a 1.30 billion USD German concreting machinery manufacturer and a part of 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, concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.
