Schwing Stetter plans to enter precast equipment business

The company currently has a revenue of about Rs 1,200 crore, eyes 15-18% growth

Schwing Stetter India, the subsidiary of German construction equipment major Schwing Stetter, has said that the company is looking at launching precast equipment through an acquisition or a manufacturing license or a joint venture to cater to the growing precast construction market.

The company currently has a revenue of around Rs 1,200 crore and expects a better growth over next couple of years, as the road construction industry has started growing again, said Anand Sundaresan, chairman, Schwing Stetter Sales & Services.

The company is expecting a year-on-year growth of 15-18 per cent growth in next three to five years. If more products