Sales of con­struc­tion equip­ment in­crease

Sunday Independent (Ireland) - - Sunday Business - Fearghal O’Con­nor

SALES of con­struc­tion plant ma­chin­ery have re­cov­ered strongly since the re­ces­sion but are still nowhere near the Celtic Tiger peak, said the or­gan­iser of Ireland’s big­gest ‘dig­ger’ sales event.

An uptick in house­build­ing by smaller con­struc­tion com­pa­nies over the past year saw 2,500 in­di­vid­ual pieces of new “yel­low plant” ma­chin­ery sold, up from 2,200 units in 2017, said Brian Coogan, direc­tor of the Con­struc­tion and Quarry Ma­chin­ery Show (CQMS) Just 300 units sold dur­ing 2010 when the con­struc­tion crash was at its worst. But sales still lag far be­hind the 5,000 pieces of ma­chin­ery sold on av­er­age dur­ing the peak years of the boom.

“Con­struc­tion equip­ment deal­ers can’t get their hands on this ma­chin­ery fast enough at the mo­ment. De­mand is re­ally com­ing from small firms build­ing houses,” he said.

But, de­spite the in­crease in sales, Coogan said there was a feel­ing in the sec­tor that it was still op­er­at­ing well be­low full speed be­cause of the lack of in­vest­ment by the Govern­ment into ma­jor cap­i­tal projects.

The CQMS show — which takes place at Punchestown Race­course in June — is the big­gest sales event of its type in Ireland and is held ev­ery sec­ond year. Over 10,000 vis­i­tors are ex­pected to view the €70m worth of ma­chin­ery that will be on site. Coogan es­ti­mated that the value of finance deals at the 2019 show would be in the re­gion of €5 to €6m.

Coogan — who also pub­lishes Ma­chin­ery Movers mag­a­zine — said CQMS “pro­vides a re­ally strong barom­e­ter as to how the econ­omy is ac­tu­ally per­form­ing given that it is in con­stant touch with all the 2,200 ma­chin­ery op­er­a­tors in the coun­try in­volved in all civil, plant, civil en­gi­neer­ing and in­fras­truc­tural build projects.”

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