As part of Hawkspare’s continued expansion of its global operations, the construction equipment specialist has supplied three All Terrain Units to begin heavy lifting operations in Mongolia – one of the world’s fastest growing economies fuelled by its vast coal and gold reserves.
Rich in mineral resources and a largely untapped market, forecasters predict Mongolia will see Gross domestic product (GDP) growth of 13% in 2014. But as the country lacks the finance and infrastructure to be capable of abstracting the enormous amount of natural resources – including 10% of the world’s coal reserves and 14 million ounces of gold – it relies heavily on overseas investment.
With increased sales and rentals of construction machinery across the globe fuelled by such factors as the need to expand infrastructure, to construct residential and commercial buildings, and to exploit natural resources, Hawkspare are currently experiencing a huge demand for the older versions of CAT machinery, especially from the African continent.
Modern heavy machinery features hydraulic equipment designed to be even more refined with advances in technology such as sophisticated electronics. This machinery relies on computers to function and are maintained using computers that test working parts and report specific problems.
With the UK economy starting to move in the right direction, it is the construction sector that has emerged as the front runners in its recovery.
With £50 billion projects on the horizon, in and around London, such as the High Speed 2, the need for crawler cranes is guaranteed to be in high demand. Hawkspare, with its 30 years experience in shipping mobile cranes, is in a perfect position to monopolise on this call for crawler cranes, and are setting the wheels in motion to ensure they can be front runners in meeting this new demand.