Construction machine industry is dominated by China
Munich, April 2013: Chinese companies take over the top position in the construction industry says a study by the consultant agency Oliver Wyman. Caterpillar, Komatsu, Hitachi, Volvo and Liebherr are the largest companies in this field. However, taken together Chinese companies have the largest market share. In 2020 three Chinese companies will be in the group of the top five players. Moreover, Prof. Thomas Bauer, CEO of the Bauer Group and head of the German Construction Industry Federation has recently warned to underestimate the technical skills of Chinese engineers.
Technology is moving at rocket speed hence who ever tarry will never catch up. The Chinese technology in Construction Industry is important to developing countries of Africa. I propose a platform where China Construction Industry Federation Members showcase their technology in infrastructure building, equipment and civil engineering models that can advance development of Africa by Africans. Those who have financial muscles and Technical Expertise are requested to focus at virgin Africa for lasting relationships.
I thank you.