In 1 cu m concrete mixers, we have 50-60% market share
Could you elaborate on Sicoma's presence in different markets and how it caters to specific regions?
Sicoma is an Italian-based company specialising in the manufacturing of concrete mixers, with plants in India and China. Sicoma has a subsidiary in India, serving the Indian subcontinent market, and a joint venture in China, catering to the South Asian and Chinese markets. Our parent company in Italy oversees operations in Europe, the US, Gulf region, and exports to countries like Russia and Kenya. Weve been expanding our footprint, making significant achievements, including the transition to producing all mixers in India.
What are the key trends shaping the construction industry, and how does Sicoma distinguish itself from competitors?
Large infrastructure projects and the adoption of precast technology are key trends driving the construction industry. What sets Sicoma apart is that we manufacture our mixers in India, providing European-quality products at affordable prices. Unlike competitors who import from China, our short delivery periods and comprehensive after-sales support make us unique, especially since none of our competitors have manufacturing bases in India.
Can you shed light on the critical role your concrete plant plays in the construction process and how you ensure continuous support for your mixers?
The concrete plant is integral to construction, and any issues can halt the entire process. To address this, we have a well-established parts programme with inventory at manufacturing sites, our locations, and our customers' sites. We conduct regular training programmes for OEM engineers, ensuring timely service and parts availability, a point of pride for us.
How does automation and IoT contribute to Sicoma's operations, and what plans do you have for implementing these technologies?
Automation and IoT play a significant role in optimising resources. We've introduced IoT in all our mixers, aiding in performance monitoring, issue identification, and cost savings. We plan to offer IoT as a subscription-based programme to end customers, providing a comprehensive view of plant operations, reducing downtime, and enhancing troubleshooting capabilities.
What challenges has Sicoma faced in the industry, and how do you overcome them?
Challenges are a part of the industry, from setting up the industry to maintaining consistent quality. Meeting ISO standards is a continuous challenge, but weve overcome them with dedication. We also face competition from various sources, but our market share, especially in the one cubic meter and above sector, is substantial.
What is the current market share of Sicoma in the mixer industry?
While I don't have specific figures, in the one cubic meter and above sector, we estimate our market share to be more than 50 to 60 per cent. The recent record of 60 mixers in a month showcases our strong performance. The outlook for the next quarter and year is promising, with potential growth depending on political factors.
Are there plans for capacity expansion or investment in the near future?
We've recently expanded our capacity to manufacture larger mixers. While we are well-prepared for the coming years, further expansion may be considered if market demand significantly increases.
What are your expectations from Excon?
It's a great platform to connect with customers, discuss new developments, and gauge the industry's interest. The exhibition provides a valuable opportunity to interact with a diverse audience, and we've received positive responses.
A-303, Navbharat
Estates,
Zakaria Bunder Road,
Sewri (West), Mumbai - 400 015,
Maharashtra, India
+91-22-24193000
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