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Road machine sales plummet
Source: Xinhua |
June 27, 2012, Wednesday
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Print Edition
Print Edition
CHINA'S sales of road pavers and bulldozers fell nearly 30 percent year on year in May due to a decrease in the number of infrastructure construction projects.
Sales of loaders and excavators nationwide were also down 25.77 percent and 23.92 percent, respectively, Shanghai Securities News reported yesterday, citing data from China Construction Machinery Business Online, an industrial information provider.
The report said last month's sales drop was caused by a contraction of investment in transportation facilities. Analysts predicted that the nation's investment in road and railway construction will decline in 2012.
It said sluggish sales might squeeze less competitive companies out of the market and lead to more mergers and acquisitions by heavyweight firms.
Sales of loaders and excavators nationwide were also down 25.77 percent and 23.92 percent, respectively, Shanghai Securities News reported yesterday, citing data from China Construction Machinery Business Online, an industrial information provider.
The report said last month's sales drop was caused by a contraction of investment in transportation facilities. Analysts predicted that the nation's investment in road and railway construction will decline in 2012.
It said sluggish sales might squeeze less competitive companies out of the market and lead to more mergers and acquisitions by heavyweight firms.
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