News: Industrial

2021-04-25

Uralmash Sets Deal of US$ 322 Million with India

Uralmash (a subsidiary of UZTM-Kartex) has signed its largest deal in the last 30 years. UZTM-Kartex and Coal India Ltd Binay Dayal have signed a contract totaling US$ 322 million for walking excavators, according to the company.

Under the contract, the Uralmash plant will deliver five electric-powered walking excavators of increased power – ESH24.95 and will perform assembly of the equipment on the customer’s site. The OEM also will service machines for 11 years.

Read The Article

PSR Analysis: ESH24.95 is an electric powered excavator with 24 cubic meter bucket and 95-meter jib. UZTM Kartex also makes diesel machines. Recently it has launched excavator with Cummins QSK-91 engine. PSR

Maxim Sakov is Market Consultant – Russia Operations for Power Systems Research

2021-01-22

NA Economic Outlook: Slower H1 2021, But Much Stronger H2 2021 Expected

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  In our previous forecasts, we have discussed some hope for a V-shaped recovery, it did not materialize.  Our conclusion was based on several factors, such as the current economic cycle, overall strength of the economy, fiscal policy, political landscape in the US and globally, etc. After managing through the early stages of the pandemic in H1 2020, we saw good trends in H2 2020 and we had reasons to be optimistic for a quick recovery.

However, the recovery took a slight pause during the last few months.  Unemployment continued to increase, and regional lockdowns prevented the necessary demand for a significant year-end growth.  Now that the elections are over, we’ll have yet to see what the new administration will be able to achieve during the next two years.  Specifically, if the long awaited infrastructure reform can be passed.  However, fiscal policy with near zero interest rates, which government has promised to keep in place for the near future, will provide a good platform for the economic recovery and allow us to look optimistically into 2021-2022.

Read More»

2020-12-21

Increased Utilization Fees for Vehicles Planned

Russian authorities plan to increase vehicle utilization fees in 2021, according to automotive sources.

Utilization fees could be increased by as much as 25-30% for all types of vehicles, including special machinery, according to industry sources. This measure would be accompanied by a comparable devaluation of the national currency, which would reduce trade barriers.

Utilization fees were implemented in 2012. It was always considered as a compensation of Custom’s tax reduce after Russia’s entry into WTO. It was set in Russian Rubles. Initially, the fees were paid by the importers only. However, they later were expanded to everybody, but then local OEMs started receiving industrial subsidies, compensating for this fee.

Read The Article

PSR Analysis: With reduced tax collection and increased State expenses in 2020, Russian authorities are seeking sources to compensate for income losses. Increasing utilization fees is one way to do this.    PSR

Maxim Sakov is Market Consultant – Russia Operations for Power Systems Research

Magni, Bobcat Reach New Heights

Emiliano Marzoli
Emiliano Marzoli

Magni TH, an Italian manufacturer of material handling equipment, has signed an agreement with Bobcat to supply a range of rotating telehandlers (RTH) between 18 and 39 meters. 

The new machines will be produced in Italy, by Magni TH, with the Bobcat branding and stage V engines.  In order to achieve demand Magni has already developed a new facility, allowing the company to produce 3500 rotating telehandlers per year, once at full capacity.  This agreement will allow Magni to grow significantly according to their president and founder, Riccardo Magni.

Read More»

DataPoint: U.S. Trenchers, 2020 Production Estimate, 5,768 Units

The 5,768 units is the estimate by Power Systems Research of the number of Trenchers to be produced in the U.S. in 2020.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

Read More»

2020-10-31

COVID Delays Trade Shows

Maxim Sakov
Maxim Sakov

MOSCOW–October in Russia has seen increasing restrictions related to the COVID quarantine placed on trade shows. Most shows which normally would be held at this time, have been cancelled or shifted to 2021.

Fairs such as “Busworld” and “Interauto” will not take place this year. However, some events have been included on a so called “exception list,” or official list of trade shows and congresses, planned to be conducted in here from Oct. 20, 2020, to 30 Nov. 30, 2020. Among these events are Mining World and the Heat and Power trade show, held Oct. 27 – 29 in the Crocus Expo Center here.

Read More»

2020-10-28

DATAPOINT: US Shredders, 2020 Production — 68,200 Units

The 68,200 units is the estimate by Power Systems Research of the number Shredders to be produced in the U.S. in 2020.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

Read More»

2020-10-23

Global Recovery: Opportunities and Challenges

SUMMARY. The global economy, especially within the Engine, OEM and Components industries, has felt the immediate impact from COVID: assembly line shutdowns, labor issues, supply chain issues, logistics and transportation to name a few.  The pandemic has exposed many weak links in the global economic chain. However, by end of summer, most of these challenges were either completely resolved or temporary solutions had been put in place. 

Yosyf Sheremeta
Yosyf Sheremeta

Diversification has become the theme during the pandemic recovery, and we expect this trend to continue.  Not only are companies looking for new markets and suppliers to grow top and bottom line revenue as well as to minimize risks, but we see a shift into new industries.  Furthermore, rapid developments of new technologies create massive opportunities for OEMs and suppliers as well as posing real threats to OEMs that solely rely on traditional products that are powered by fossil fuels. 

Read More»

2020-08-23

Expansion of “Amkodor-Onego” Plant Started

Currently construction at the plan includes rebuilding of warehouses and administrative buildings in preparation for installation of new crane equipment.

Maxim Sakov
Maxim Sakov

“Amkodor-Onego” LLC was established by Belarus holding “Amkodor” in 2019 following the bankruptcy if the “Onego Tractor Plant”. The plant needed an investor, and “Amkodor” stepped up. “Amkodor” is going to create a site for assembly, and then – for import substituting full cycle production of forestry machines – harvesters, forwarders, etc.

An investment contract was signed in June 2019. Under the contract, full modernization of the warehouses and major overhaul of the buildings are planned. Total cost of the project is estimated by US$ 220 million. The government of Karelia (Russian region) assumed the priority of the project and established several requirements.

Read More»

Doosan Sells 10,000 Excavators in China in H1 2020

Doosan Infracore announced that it sold 10,728 hydraulic excavators in China in H1 2020. This is the company’s largest sales volume in nine years since it sold more than 12,000 units in the market in H1 2011. The company sold 1,320 excavators in June, a 23% increase in sales over the previous year.

Akihiro Komuro
Akihito Komuro

China’s hydraulic excavator market suffered a slowdown in the first two months of the year due to COVID-19 but is now consistently showing signs of a rapid recovery. Overall sales in the Chinese hydraulic excavator market exceeded 155,000 units in H1 2020, significantly exceeding the 125,000 units sold nationwide in H1 2019.

Source: Kikai-News (The original article was partially revised by the author.)

Read More»