We recognize the significance of the forthcoming infrastructure and construction opportunities.
Jeffrey Zuidgeest,
Regional Director, BU Components, Hyva India
What specific goals and priorities at Odisha Mining & Infrastructure International Expo 2024?
At the Odisha Mining & Infrastructure International Expo 2024, we wanted to leverage this platform to showcase our products, services, and capabilities to a broader audience, with the goal of extending our market reach. By actively engaging with industry peers, potential clients, suppliers, and partners, we aim to cultivate meaningful connections that can lead to collaborations, joint ventures, and strategic alliances. Moreover, we see this expo as an opportunity to bolster our brand recognition within the mining and infrastructure sector while demonstrating our commitment to addressing the evolving needs and challenges of these industries through continuous improvement and customer-centricity. We as Hyva is a market leader in telescopic solutions in tipper and tip trailer segments. To bolster our position, we want to be ahead of the curve identifying emerging trends and opportunities within these sectors to inform our strategic decision-making and maintain a competitive edge in the market.
Can you provide insights into the range of products you showcased at the Expo?
Hyva displayed its FE 169 Alpha series telescopic cylinder and wetkit, along with our hydraulics system spare parts at the expo. Our 169 and 191 Alpha series kits are specialized hydraulic systems designed for applications like mining and tip trailers, providing robust and efficient solutions for heavy-duty applications. These kits typically include hydraulic telescopic cylinders, pumps, valves, and other components necessary for tipping trailers and lifting heavy loads in mining operations. The Hyva brand is known for its high-quality tipping equipment, engineered to withstand the demanding conditions of the mining industry while ensuring optimal performance and reliability. These kits offer features such as high lifting capacities, fast cycle times, and precise control, contributing to increased productivity and safety in mining and tip trailer operations. Overall, the Hyva range of kits represent cutting-edge technology tailored to meet the specific needs of the mining and tip trailer sectors, offering durable solutions for maximizing efficiency and profitability.
With the upcoming and ongoing infrastructure and construction opportunities, how do you intend to assess the performance and outcomes of your business for the coming quarters?
We recognize the significance of the forthcoming infrastructure and construction opportunities. Continuously we are closely following the trends and requirements in the market to offer the best possible solutions for our customers. Furthermore, we will leverage customer feedback and engagement to continuously refine our products and services to better meet the evolving needs of the market. By employing a comprehensive framework with quantitative and qualitative measures, we are ready to adapt to market dynamics and capitalize on the opportunities.
What is your perspective on the anticipated market dynamics in the sector?
We view the anticipated market dynamics in the mining, infrastructure, and construction sectors with optimism and strategic foresight. These sectors are poised for significant growth, driven by government’s policies, increasing urbanization, infrastructure development projects, and the demand for raw materials. In the mining sector, we anticipate continued demand for our hydraulic solutions and wear resistant tipper bodies to enhance efficiency and productivity in extraction and material handling processes. Similarly, in the infrastructure and construction sectors, there is a good demand for our products in projects of road construction, building development, and transportation infrastructure. Additionally, we expect to see trends towards sustainability and innovation, driving the adoption of eco-friendly technologies and practices across these sectors. We are actively aligning our product development, marketing strategies, and customer engagement efforts to capitalize on these emerging opportunities.
Could you elaborate on your company’s initiatives and progress in creating eco-friendly products?
Sustainability is key to the future of our business. It is important that we keep advancing in this area and that everyone is aware of, and contributing to, our progress. As we see this importance, Hyva has a Global sustainability expert, who is dedicated to drive our global sustainability strategy development.
We are continuously monitoring the environmental footprint of our plants’ operation and working on further improvement with targets we set YoY. I cannot reveal too many details yet, but we are implementing strategies to reduce our emissions in our operations.
To reduce further emissions, we are not only focusing on our manufacturing plants, but also our product designs, supply chain and offices. Examples of such practices include designs for tipper bodies that reduce CO2 emissions. We are also actively engaging with stakeholders across the supply chain to identify opportunities for eco-friendly product offerings and emission reductions. Hyva is working first with the strategic key suppliers to incorporate sustainability practices into their operations and the raw materials they provide. We remain committed to advancing sustainability practices within the industries we serve as we are responsible for the future generations.
