Macro Drivers

China's growth is leading the world with an 11.9% 2010 GDP target. Economic growth, urbanization and a growing middle class are driving robust infrastructure spending. China's construction spending is growing at 9% annually and is expected to reach $1.7 trillion by 2014. This translates to an estimated $15 billion spent on concrete mixing contracts for HSR alone. According to a McKinsey study, China will account for 50% of global building activity by 2015.

  • It has been estimated that 50% to 70% of the world's
    construction cranes are currently in China
  • Up to 50% of China‚Äôs population is expected to move to urban
    areas by 2020
  • Rapid expansion is expected to continue to 2030
Commited to Technological Innovation