The global construction equipment rental market size valued at USD 187.46 billion in 2022; expected to expand at an annual growth rate (CAGR) of 6....
Construction and mining operations have been sparked in emerging economies around the world by the increase in government spending on the development of public infrastructure.
Due to this factor, there is a significant market demand for construction equipment.
The rise in prices for new construction machines is encouraging construction companies and contractors to shift their interest towards renting construction equipment. Further, the emergence of advanced technologies and increasing levels of automation is expected to propel the growth. Source: Grand View Research
Three of the biggest names in global technology have joined forces to highlight the ability of already-available 5G, artificial intelligence (AI) and automation solutions to transform manufacturing and improve productivity, efficiency, environmental impact and safety, while reducing costs.
Valmet will deliver key technologies, automation and services to Naini Papers’ cooking and fiberline rebuild and new specialty paper machine PM 3 at their mill in Kashipur, India. The delivery will increase the mill’s capacity and support meeting the market demand of specialty coated paper. The delivery is scheduled for the first quarter 2025.