Requirement for bigger plants will come down in 2019
<span style="font-weight: bold;">Premraj Keshyep, Managing Director, KYB Conmat, </span>speaks on its tower plant, developing a compact plant, demand drivers for the coming year, and more...<p></p><p><span style="font-weight: bold;">One pathbreaking offering: </span>We have introduced a tower plant for the city environment. The plant has a footprint of 6 m + 8 m with vertical space and works in a total dust-free environment.</p><p><span style="font-weight: bold;">Demand drivers in 2019: </span>The last few years were mainly dominated by the roads and concrete road sector, and we had a lot of demand from the roads sector. Being an election year, I do not foresee new projects on roads to be in house, so the requirement for bigger plants will come down. However, the requirement for middle-level plants, like 60-75 cu m plants, will go up as the focus will be on completion of existing projects. I foresee the development of the irrigation sector.</p><p>Announcement contributing to the company's growth in 2018: Realigning the product segment and introducing a compact plant were the major announcements. This time, we have developed a compact plant to give the offering for almost all sectors.</p><p><span style="font-weight: bold;">Challenge for the company in 2019:</span> Challenges will be many on account of elections, thus leading to fluctuation in demand. Besides, a lot of Chinese companies are entering the market with lower prices but there is no effort to develop technology or introduce new technology. </p><p><span style="font-weight: bold;">Key strategy to success in 2019:</span> We have a diverse portfolio and our focus on services is increasing. </p><p><span style="font-weight: bold;">Recommendation for the growth of the construction equipment market</span>: We request the forthcoming government to maintain growth, and manufactures to put in efforts to develop technology rather than offering substandard machines.</p>