Liebherr optimism for slow recovery worldwide

At a pre-ConExpo press event, a few hours before the opening of the show in Las Vegas, Liebherr said that the difficult times were behind them. The company has seen a signification increase over 2009 and the company and that by the end of this month (March 2011), orders were already exceeding those for the whole of 2010.

“The upturn was especially strong in the Asian markets where domestic product rose by about 10%. World trade expanded significantly by 12%” said Winfried Boehm, Member of the Board of Directors of Liebherr-International. The Liebherr Group was able to increase its turnover by 9% with most growth coming from the construction machinery business which increased turnover by 16%.
In the USA, Duane Wilder, President of Liebherr Construction Equipment (USA), said that sales were up by more than 25% in 2010 and that the aged inventory was greatly reduced. With customer becoming more aware of the ever increase fuel costs, Tier IV engines will not be introduced before 2012.

 

“What is needed is a longterm strategy in stimulus packages instead of the short term measures so far introduced,” said Duane Wilder who, along with others through the AEM (American Equipment Manufacturers) make regular submissions to the US Government.

 

Read more from ConExpo new product introductions in the next issue of Contractors World and follow news from the show in these news pages.