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Special Report: M&T Expo
BRAZIL/SOUTH AMERICA REPORT
Carlos Briganti TheM&T Expo 2022 is one of the most important trade fairs in the construction and mining equipment industry throughout Latin America and this year the show featured more than 600 exhibiting brands in 54,000 square meters. Held in Sao Paulo Aug. 30-Sept. 2, 2022, the event had more than 30,000 visits in four days.
Disagreements between show organizers and exhibitors caused key players in the market to avoid the show. The list of missing exhibitors included Caterpillar, John Deere, Komatsu, JCB, CNH, and Volvo. Chinese companies, as well as Liebherr, took this opportunity to use large spaces at the event, both in area and in product portfolio with respective sales and engineering teams.
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100,000th lithium-Ion Forklift for Jungheinrich
EUROPE REPORT
Emiliano Marzoli German OEM Jungheinrich has accomplished a remarkable goal, delivering its 100,000th lithium-Ion Forklift truck. An ETV 216i Reach truck was the star of this milestone, with 15 other identical models delivered to the Amazon warehouse in Leipzig.
In 2011, Jungheinrich was the world’s first industrial truck manufacturer to launch a series-produced truck with a lithium-ion battery. Since then, lithium-ion technology has become the fastest-growing battery technology for industrial trucks.
PSR Analysis: According to Jungheinrich, compared to a diesel truck of the same performance class, an electric truck with a lithium-ion battery emits less than half the CO2 during its entire lifetime, including its manufacture. By using electricity from renewable energy sources, the CO₂ emissions of the vehicles in operation can be reduced by up to 90%. It is not a surprise to see the increase of battery electric trucks in the European production mix.
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Show Report: 2022 NEW Environmental Exposition
FAR EAST: JAPAN REPORT
Akihiro Komuro Last month, I visited the three-day 2022 NEW Environmental Exposition, an exhibition of environment-related equipment in Tokyo. The show promoted the effective use of resources, new energy and energy reduction, and the utilization of CO2 emission reduction technologies
Source: Official Website
PSR Analysis: The exhibition featured many environment-related devices for waste treatment, demolition, bioplastics, water treatment and purification, heat utilization systems, recycling, and more.
Large equipment such as those that crush and efficiently separate debris mixed with earth, sand, and wood; metal recovery systems from seawater using special fibers, and equipment related to crushing wood, stone, and other materials were eye-catching in variety and size.
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Brazil Cuts Taxes on Production of Several Segments
BRAZIL/SOUTH AMERICA REPORT
Taxes on Industrialized Products (IPI) will be reduced by 25% for most of industrialized goods, in a Governmental effort to boost Industry production. The total impact in federal revenue will be US$ 5 billion in 2022.
Source: M&T Read The Article
PSR Analysis: This should affect positively sales and profitability in all engine powered segments. However, profitability should be more impacted than volume. Construction Equipment should have the higher impact as well…
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Doosan Bobcat Aims at NA Market with Fully Electric T7X
SOUTH KOREA REPORT
Doosan Bobcat unveiled the world’s first fully electric construction equipment to the global market through CES 2022, the world’s largest technology exhibition.
Doosan Bobcat held a media day event at the Mandalay Bay Convention Center in Las Vegas to introduce the T7X, which won two CES 2022 Innovation Awards.
The T7X is the world’s first fully electric construction equipment that eliminates all hydraulic components. It is comparable in performance to existing internal combustion engine equipment and emits no harmful substances. Noise has been greatly reduced to one-tenth the level, and energy efficiency has been maximized.
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Brazil Off-Highway, Industrial Segments Expect 4% Growth in 2022
SOUTH AMERICA REPORT
According to Abimaq, the total machine segment, that includes Construction Equipment, Agricultural Equipment, Power Gen-Sets, Industrial Equipment and others, grew 20% in 2021 and should grow more than 4% in 2022. When breaking down by subsegment, ABIMAQ see the segments impacted by infrastructure growing around 15% and the segments impacted by Agriculture growing pushed by the harvest growth.
Source: M&T / Abimaq Read The Article
PSR Analysis: The just…
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Global: Recovery Is Strong, but Uneven
GLOBAL REPORT
Yosyf Sheremeta SUMMARY. The global economy performed very well in 2021 and continues to recover, along with trade, employment and incomes. But the revival is unbalanced, with regions/countries, businesses and people facing very different economic realities. Recent improvements also conceal structural changes, which means that some sectors, jobs, and technologies will not return to their pre-pandemic trends. Based on the most recent economic developments and trends, Power Systems Research remains somewhat optimistic about the global recovery.
Many of us hoped to be in the post-Covid phase by now, but it is evident that there is no quick way out. The pandemic has had a profound impact on the world economy, and it will continue to challenge established norms of life and business into the foreseeable future. As we start the new year, many challenges remain, new and old alike: re-surgency of COVID variants, restrictions on travel, supply chain challenges, shortages of materials/goods, inflation, and employment, as well as renewed geopolitical tensions across many parts of the globe.
Power Systems Research witnessed a strong economic recovery globally in 2021, despite regional differences. Output in most OECD countries has now either surpassed or is about to reach pre-pandemic levels, but lower-income economies, particularly those where vaccination rates are low, are at risk of being left behind. Furthermore, the rebound will continue to vary widely among different market segments.
Global inflation re-surfaced in 2021 and presents a real risk to economic recovery in all regions. The renewed inflationary pressure risks lasting longer than was expected a few months ago. The surge in retail and wholesale energy costs in late 2021 will undermine economic growth prospects for large parts of Europe and Northeast Asia well into 2022. Rising food and energy prices already have impact on low-income households in particular.
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Cummins Announces Hydrogen and Electrified Portfolio in Brazil
When completing 50 years in Brazil, Cummins announces the arrival of the New Power unit in South America. This includes Electric propulsion, NG Engines, cleaner Diesel Engines, Fuel Cell and mainly Hydrogen.
Source: M&T Magazine Read The Article
PSR Analysis: As part of its global strategy, Cummins in South America, leads in the first phase in market niches with NG Engines and follows with other new solutions in the following phases. PSR
Fabio Ferraresi is Director, Business Development South…
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Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty
Yosyf Sheremeta The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained. Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain. The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control. With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.
The global economic performance last quarter was in line with our initial projections from earlier this year. As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities. During the last quarter of 2021 Power Systems Research expects this trend to remain in place.
Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.
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Sinara May Dismiss 20% of Workers Because of Reduced Orders
Maxim Sakov The machine building company “Sinara – Transport machines” (STM), says it may be forced to dismiss 20% of personnel because it has lost most of its orders from Russian Railways for cranes and other railway service machines.
Sinara has lost 85% of the orders from Russian Railways for railway service machines. Because of decreasing orders from the railway monopoly, the main client of STM, 7,000 people on its plants have not worked since August. The total personnel number in STM is 32,000 people, so about 20% of its personnel is questionable. Now, the company is looking for a way to re-qualify these people
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