Photo by Tudor Van Hampton Industry analysts say that Chinese manufacturer XCMG has purchased a stake in Schwing, which exhibited at this year's World of Concrete. Related Links: Schwing Exits Chapter 11 Chinese Firms Boost Overseas Spending Chinese manufacturer XCMG has taken out a stake in Germany-based Schwing, industry analysts have told ENR.Details of the deal are sketchy though it is the subject of much talk here at the annual World of Concrete show, held Jan. 24-27 in Las Vegas. Schwing, a large exhibitor at the show, declined to comment."We prefer to communicate directly with our customers, not through the
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.