Even as the world economy shows strains, India’s construction equipment industry is looking at signs of revival in its roadbuilding segment. As an indication that foreign investment is returning to the subcontinent, Swiss buildings equipment company, Ammann Group is planning to acquire a 70% share in Gujarat Apollo Industries Ltd., a leading Indian manufacturer of road construction equipment and materials plants. SchneiderAmmann Group will invest $51 million in Apollo's core business of asphalt mixing plants, road pavers, bitumen sprayers and compaction machines. The transaction will create a new company, Ammann Apollo India Private Ltd., responsible for the sale of the Ammann
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.