The Fayat Group reports a strong financial performance for 2014. Group turnover reached €3.5 billion, of which 38% came from the road construction sector including the BOMAG and Marini business segments. The privately held company does not reveal its complete financial figures but said that international sales have been very healthy.
Filippo Baldassari is head of global sales at Fayat Road Equipment and said, “In 2014 business was very positive.” He explained that overall, sales were strong even though some markets, such as Southern Europe, remain depressed. And while the Chinese market has seen difficulties for 3-4 years he added, “Last year was relatively good for us in China.”
Baldassari explained that there has been a perceptible shift in the Chinese market, which is in transition from focussing on highway construction to construction of secondary roads, as well as to highway maintenance. He said that the market for asphalt plants in China remains healthy, although there is now a trend towards sales of smaller plants, in line with the shift in the road construction sector. And he said that Chinese customers are also increasingly interested in plants able to handle recycled asphalt, due to government requirements on the use of RAP.