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.
In the last twenty years, more than 1,500 foreign companies from over 60 countries have invested hundreds of millions of pounds in Mongolia. As well as companies from all over the world bringing in foreign direct investment, the economy will require expert consultation to ensure construction projects are delivered effectively.
Marc Hawkins, Head of the regional sales office in Shanghai, China, is the third generation in the family-owned business and will be overseeing the expansion in the Far East. With technical expertise and many years of experience, Marc is perfectly positioned to help the heavy lifting market and drive the company’s efforts to increase exposure in the rental sector.