Photo courtesy of Schwing America Inc. Schwing is a major manufacturer of concrete pump trucks, stationary pumps, truck mixers and batch plants. Related Links: XCMG Said Taking Stake in Schwing XCMG Buys Majority in Schwing (Reuters) China's Xuzhou Construction Machinery Group, or XCMG, has acquired a majority stake in Germany’s Schwing Group GmbH, news agency Reuters says. The deal confirms earlier reports in ENR during the "World of Concrete" show in Las Vegas.German management will remain in charge, said XCMG Chairman Wang Min in a statement. The 78-year-old Schwing brand is a critical part of XCMG’s “strategic development" for expanding
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.