Foun­da­tion Industry Out of The Slum­ber Zone?

NBM&CW - - REPORT – FOUNDATION EQUIPMENT -

The foundaƟon and pil­ing industry is see­ing re­newed acƟvity aŌer a hia­tus of 5-6 years. Equip­ment man­u­fac­tur­ers, anƟ­ci­paƟng com­peƟƟon, are gear­ing up with both pre­mium and eco­nom­i­cal opƟons to meet buyer de­mand. P.P. Ba­sistha re­ports on the cur­rent mar­ket sce­nario.

Af­ter a pro­longed hi­ber­na­tion since 2011, the pil­ing and foun­da­tion industry be­gan to see signs of re­vival in 2015 with fresh de­mand for foun­da­tion lay­ing in metro rail­way projects, roads and bridges, and to a fair ex­tent from marine construction. A good num­ber of green­field LNG ter­mi­nals were also get­ting lined up.

Look­ing back, the mar­ket, which was in high trac­tion dur­ing 2008-2009, and even dur­ing 2010 and 11, hov­ered around 150 units across prod­uct ver­ti­cals, pro­pelled by the boom in in­fra­struc­ture projects, and to an ex­tent, in the real estate sec­tor. Then came the crash, the signs of which were vis­i­ble in mid-2011, plum­met­ing the mar­ket to 15-20 units dur­ing 20122013. With de­mand di­min­ish­ing, and dif­fi­culty in pay­ing back bank loans, both main con­trac­tors and rental agen­cies re­sorted to heavy sell­ing of their equip­ment, even scrap­ping some, and di­vert­ing oth­ers to Cana­dian and African mar­kets. Ac­cord­ing to industry es­ti­mates, close to 60 units were scrapped, sold or re­placed dur­ing the pe­riod.

The year 2016 saw fresh de­mand from in­fra­struc­ture projects, with the pop­u­la­tion go­ing up from around 1300 units in early 2017. An ad­di­tional 100200 units are ex­pected by 2017-end. Though man­u­fac­tur­ers are look­ing at size­able busi­ness op­por­tu­ni­ties, the cur­rent sce­nario may not be too rosy as more and more cus­tomers are opt­ing for cost-com­pet­i­tive prod­ucts.

Ap­pli­ca­tion Ori­ented

Sany In­dia is pro­mot­ing its new range of hy­draulic pil­ing rigs for un­der­tak­ing tasks on harder strata at deeper depths that re­quire equip­ment with higher torque and speed. Says “Our hy­draulic pil­ing rigs meet all the re­quire­ments with their higher torque, to per­form faster drilling re­sult­ing higher

Mr. Deepak Garg, CEO, Sany South Asia,

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