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
Despite a faltering international market, 2015 and the beginning of 2016 are proving to be strong years for U.S. contractors, with steady domestic growth and only moderate strain from workforce shortages.