Access saturation warning at IRC
24 November 2014
Li Hua Bin, general manager at Shanghai Jinheyuan Equipment Rental, warned that overcapacity could be the result of new manufacturers rushing into the access market.
The company was founded in 2007 as a crane rental company. Since then it has changed direction to become a general rental company and invested CNY200 million (€26 million) in access equipment.
Mr Li, speaking at Monday's International Rental Conference (IRC) Asia in Shanghai, said that while the Chinese access equipment was in its infancy and had a very bright future, there were risks.
He said, "Access platforms are not very sophisticated products so the risk is everyone sees it as an easy market to get into and rushes into it, and the market then gets saturated."
He added, "I have very high hopes for aerial work platforms. Even when the economy is down, they represent a bright spot and can help revitalise the whole market."
The one-day IRC conference took place on 24 November at the Double Tree Hilton hotel in Shanghai, China. The event was attended by 280 industry executives.
http://www.khl-group.com/events/irc/
