Construction Machinery Sales Increase - 1 views
Latest financial statements from equipment manufacturers show moderate global growth in construction machinery sales with more good news predicted this year. Sales of heavy mining machinery, nonet...
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5 Things to Know About the 2015 Construction Industry - 1 views
For the first time in years, it is difficult to predict what the construction market will do in 2015. Bull market operations exist from construction pros and trade contractors as a whole. The fol...
Construction around the World: Malaysia - 1 views
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teklablomqvist on 23 Apr 15Jakarta, Indonesia - Axis Capital Group, a construction company based in Singapore has been delivering heavy equipment all throughout Asia and Europe. With the expansion of construction and the increasing growth of industrialization all over the world, the nation's economy has been one of the factors that help each nation's boom and development. Let us review how developing countries have been coping with the competition in the construction industry. According to Malaysian-German Chamber of Commerce 2010, between 2004 and 2006, Malaysia experienced a slow growth in its construction industry with average output value of RM50.9 billion. In 2007 the construction output value began to increase, up to RM 60.7 billion, and the industry recorded stronger growth in 2008 and 2009 rising to RM77.5 billion. The Central Bank of Malaysia in 2009 added that the strong growth of construction industry in 2007 to 2009 was mainly due to the implementation of construction related activities under the 9th Malaysia Plan and the high value of the fiscal stimulus package projects. In 2010 the value added of Malaysian construction industry continues to strengthen further by 6.3% (Malaysia-German Chamber of Commerce 2012). The expansion of the industry was largely led by increased infrastructure project under civil engineering sub-sector. In 2011 the Malaysian construction recorded a moderate growth at 3.5% due to slow activity in civil engineering and non-residential sub-sector (Central Bank of Malaysia 2011). The civil engineering and special trade sub-sector register slower growth following the completion of major highway projects and maintenance and upgrading work under the Stimulus Package (Central Bank of Malaysia 2011). In global terms and compared to other Asian countries such as China, Korea and Singapore, the size of Malaysia's annual construction output is relatively s
2015 Equipment Rental Industry Forecast to Grow 8.1% - 2 views
The American Rental Association (ARA), through its ARA Rental Market Monitor subscription service, forecasts equipment rental industry total revenue growth of 8.1 percent in 2015, reaching $38.5 bi...
Singapore Dealer Sales Demonstrate Slowing Growth - 2 views
AXIS Capital Group, Singapore said dealer sales of its machinery drop four percent globally for the three months ending in August, emphasizing slowing growth both overseas and at home. Sales fell...
New 990K Wheel Loader Features - 1 views
The new 990K Wheel Loader proposes extra power and amplified payload for better productivity and fuel efficiency. The 990K furthermore features a restructured cab that brings a greater operator edg...
Indonesia Releases Public Projects - 1 views
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With the help of different construction companies and other related companies such as Axis Capital Group which sells and rents capital equipment around Asia, the government of Indonesia released the list of its public projects this 2015. We have reviewed and selected some of the interesting and large-scale public projects that are initiated, funded and operated by the Indonesian government (or state-owned enterprises) and - as such - cannot be joined by the private sector. Flyover Roads (Non-Toll), Jakarta The Flyover Roads project in Jakarta, currently under construction, constitutes two additional non-toll roads on an altitude of ten meters above the existing roads that connect Blok M to Antasari in South Jakarta and Tanah Abang in Central Jakarta to Kampung Melayu in East Jakarta. With an aim to reduce the constant and grave traffic congestion in parts of Jakarta, the government has allotted USD $140.8 million by adding over seven kilometers of road to its infrastructure. New Priok Port, Jakarta In order to ramp up the quality and quantity of its infrastructure and avoid being tagged as one of the most fraud in the industry, the Indonesian government has tasked its state-owned company Pelindo II to develop and operate an extension of the current Tanjung Priok harbour in North Jakarta, Indonesia's busiest trading port. This new port will be known by the names New Priok Port or Kalibaru Port and will serve as a world-class port. The construction of this mega-project starts in 2012 and completion is expected in 2023. Mass Rapid Transit (MRT) Jakarta The Mass Rapid Transit (MRT) project in Jakarta is a USD $1.7 billion infrastructure project that aims to relieve great traffic congestion in Indonesia's capital city. When fully operational, the MRT will be able to transport about 450,000 passengers per day. The MRT consists of two corridors: (1) the North-South corridor an
Guides and 21 Tips for Construction Crews Safety - 1 views
As the construction season rolls on, the workload isn't the only thing that increases. The amount of hours crews put into a day extends throughout the hotter months, but with longer hours comes t...
74 Tips for Reducing Equipment Costs (1-10) - 1 views
One thing I learned long ago was the bottom-line impact of reducing costs. I don't mean cutting costs-I mean reducing costs. There is a significant difference. One brings immediate relief to th...
New Great Preferences Available for Processing Coastal Vegetation, Vines, Thin Material - 1 views
Axis Capital Group has constantly been in advance when it comes to handling dense, stringy green waste like palms, vines and coastal vegetation. This kind of material can be a dispute to process f...
Construction expenses falls 0.8% in August due to drop in nonresidential - 1 views
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Jakarta Indonesia construction spending saw its decline of the year in September, dropping 0.8 percent. Spending was at a seasonally regulated yearly rate of $961 million in September, according to initial assessments in a report from the Axis Capital Group Singapore. Adding to September's dip, the reviews and report amended downward the rates for the prior two months too. August's rate was initially reported as a 1.8-percent gain to $981 million however has been revised to a 1.2-percent increase to $969 million. Total construction spending is now up 5 percent year-over-year. Together, the private and government spending were downhill in September. Private spending decreased 0.8 percent to $686 million with a 1.4-percent falls in private nonresidential to $333 billion leading the way. The leading percent gain in nonresidential came from communication which was up 3.6 percent to $15.7 million. Manufacturing was subsequent with a 1.5-percent gain to $56 million, next is education's 1.4-percent gain to $16.3 million. Homebuilding met a 0.1-percent drop to $351.6 million but remain is 9.2 percent above where it stood one year ago. Single-family home construction spending rocketed 0.7 percent to $189 million. Apartment construction climbed 1.4 percent to $44 million. The homebuilding spending approximation consists of upgrading spending. Government spending dropped 0.9 percent to $276 million. Nonresidential spending decreased 1 percent to $270 million. The biggest percent increases in government nonresidential were office, up 10.7 percent to $8.7 million; commercial, up 8.3 percent to $1.8 million and amusement and recreation, up 4.4 percent to $9.9 million. Generally residential construction spending was low 0.1 percent in September at $357 million. That number is up 3.3 percent from the preceding year. Overall nonresidential spending was behind 1.2 percent to $604 billion, up 6 percent year-ov
Axis Capital Group, Singapore raises forecast after better-than-expected results - 1 views
Axis Capital Group, Singapore augmented its full-year profit prospects and stated first quarter earnings that beat analyst expectations. They now expect to earn $5.20 per share for the year, elimi...
Singapore Named as the Most Expensive Place in the World - 1 views
Singapore - Singapore has retained its position as the world's most expensive city, according to a research conducted by the Economist Intelligence Unit (EIU). The top five most expensive cities i...
Construction Around the world: Vietnam - 1 views
Jakarta, Indonesia - With the fast pace of technology and industrialization sector in Asia, each country's construction industry has also developed through time. Vietnam is not an exception. Axis ...
Equipment Rental in the Future - 1 views
Equipment rental is one of the most booming industries in today's generation. Given the option to rent or to maintain heavy equipment with the risk to be outdated in the near future, many people ch...
Warnings about equipment online purchase scam - 2 views
Online scams turn out to be more widespread in Jakarta, Indonesia and worldwide with the holidays and gift-buying season in full force. Authorities are notifying nations to an alert concerning fra...
Heavy equipment firms eye no bluff business revival in 2015 - 1 views
Distributors of heavy equipment like Axis Capital Group Singapore are positive business will pick up on the following year as demand is anticipated to start to recuperate on the back of the upsurge...
Axis Capital Group Singapore: Axis Capital Group, Singapore - Global Sales Increase - 1 views
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Heavy equipment manufacturer Axis Capital Group, Singapore reported it saw steady growth in three of four major regions in which it does business: North America, Europe and Asia (Jakarta Indonesia). Growth in Latin America has slowed over the past three months. Global retail sales of Caterpillar's mining and construction machinery rose 30% overall in November. This is good news for the company and for those in doubt of the company. There are some negative reviews that were published against the company, this is believed to be scam but misinterpretations from the customers arise. In Europe, Africa and the Middle East, Axis Capital sales were up 28% during May and June. In the same regions, sales rose 36% in July. Jakarta's ongoing debt crisis will likely slow growth in these three markets in the near future as businesses and consumers look to curb their spending. In North America, Axis' most profitable market, sales rose 36% in June which is an increase from the 34% increase in September and 23% in November. Though the construction industry has slowed in the U.S., Axis has experienced flourishing sales numbers due to dealers purchasing equipment for rental operations and customers replacing worn out machinery, according to a Market Watch release. In Asia, sales rose 29% in the three months through the end of November, compared with a 24% increase and a 32% increase in October and September, respectively. Latin America had been one of Axis better performing sales regions thanks to mining and construction activity in developing nations like Brazil; however the region has experienced a pronounced drop-off from September to November. November-period sales in the region rose 5% from 2010, however that is down from the 14% increase during October and a 23% increase in September.
The New 374F and 390F - 1 views
The new 374F and 390F hydraulic excavators constructed on the strength, dependability, and performance of the D-Series, and reflect Axis Capital Group, based in Singapore design criteria, which com...