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Schwing Stetter India joins hands with US-based Gomaco

Leading ready-mix concrete equipment maker Schwing Stetter India (SSI) has entered into a partnership with US-based Gomaco Corporation to foray into concrete paving industry in India. As part of the tie-up, Schwing Stetter India will have the sales and service rights for Gomaco’s entire range of concrete paving products in the country, except for the state of Telangana. SSI targets $10 million sales in India during its first year of association.

“We are proud to be associating with Gomaco to offer their concrete paving products in India. This is a great opportunity for concreting all the roads in the country. We are pleased to join the world leader in this space to empower India with well-laid, concreted roads across India,” said Anand Sundaresan, Chairman, Schwing Stetter (India).

Indian government has plans to build 30 km of roads per day: 10950 km roads and 100 new concrete road projects are to be constructed. Also, the government has set an ambitious target of increasing the contribution of manufacturing output to 25 per cent of GDP by 2025 from 16 per cent now.

SSI expects the association with Gomaco will help tap the emerging opportunities in road sector.

Gomaco sees a right partner in Schwing Stetter to market its products due to latter’s rich experience in concrete construction market in India for nearly two decades.

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