LiuGong announced launching of its revolutionary new product the Vertical Lift Wheel Loader at its 13th Global Dealer Conference held recently in Liuzhou, China. LiuGong claims that this industry first technology marks an important milestone for the company and for the Chinese construction equipment industry.

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Terex Corporation announced that it has completed the sale of its Material Handling and Port Solutions business (MHPS) to Konecranes Plc for $595 million and €200 million in cash and 19.6 million newly issued class B shares representing a 25 per cent interest in Konecranes.

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With the passing of December, all of us will enter into a brand new year. It is definitely a matter of great honour and pride for all those who were with us throughout the year. We would not have reached this far without your support. The passing year has witnessed many developments across the industries. Here, we take a look at the key happenings of 2016.

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“Our experience at Volvo CE, is that activity levels are highest in the road building sector with numerous projects progressing. So understandably we are seeing highest levels of demand for excavators, compactors and pavers for this application and its associated industries.

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“With the infrastructure development policies, of the government, there is good demand and growth for the CE industry. Two years back, the new government in place had ambitious plans to develop the road sector. Now the plans are being executed well, and due to this there is an increase in demand for equipment,” said Ramesh Palagiri, Managing Director and CEO, Wirtgen India.

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Jasmeet Singh, Head- Corporate Communications and External Relations, JCB India Limited speaks on company’s performance during the year 2016 and JCB India’s participation in the Bauma Conexpo India 2016.

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“We believe the central government’s decision to focus on infrastructure to revive the economy, subsequent announcements on policy reforms, stepping up public investments in various infrastructure sectors has led to an increase in demand in these sectors from early 2016.

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Haulotte India Pvt Ltd is a 100 per cent subsidiary of Haulotte Group, France. Souma Ray, Director, Haulotte India shares his take on the performance of the construction equipment industry, how the year 2016 was for Haulotte India and the company’s achievements.

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“The construction industry amounts to more than 7 per cent of India’s GDP and is expected to rise in the coming years. The industry is one of the core sectors in the ‘Make in India’ initiative and is likely to create millions of jobs in the near future.

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We are highly excited as we look forward to catering to a sustained inflow of orders and help our customers with fast deliveries. Tushar Mehendale, Managing Director, ElectroMech Material Handling India Pvt Ltd

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