A recovering Irish construction industry has welcomed the announcement that Ireland’s largest construction and quarrying machinery show (CQMS ’15) will take place in Molloy’s Quarry in Tullamore on April 17.
Indications are that 2015 will see economic growth of between 4% - 6% and figures from the Central Statistics Office show that the construction industry alone employed some 10,000 new people in the last year.
Tom Parlon Director General of the Construction Industry Federation says, “Activity in the construction industry is closely related to the country’s general economic performance. All the indicators suggest the economy will see further growth this year, which is a positive signal for how the construction sector will perform. The expectation throughout the industry is that the boost in activity experienced in 2014 will increase further in the next 12 months with a wide range of significant projects moving on site.
As construction companies start to shake off the financial limitations caused by the downturn, the increased activity and improved cash flows will lead to a stronger demand for new construction equipment and machinery.
For that reason CQMS ‘15 is a very timely event, providing contractors of all sizes with the opportunity to see the latest advancements in construction equipment before they make their purchases.”
CQMS ’15 is set to showcase some €50million of construction and quarrying machinery with over 100 exhibitors and a large demonstrative arena. Event Organiser and publisher of Machinery Movers Magazine Brian Coogan believes that the time is right for a show of this calibre as there is an appetite for moving forward once again within the industry.
“There has not been much purchasing power in the market in recent years, however now we are beginning to see some green shoots emerging within the construction industry.
All indicators point to a growing market and this naturally leads to a requirement for new machinery.
There is little to no second hand machinery left on the Irish market and therefore now is the time for the industry to upgrade their fleet with the new technology that is currently available.”