The Construction Equipment Committee (CEC) was created by the Association of European Businesses (AEB) in February 2008. At the moment CEC represents interests of 80% road-building and special machinery companies of the Russian market.
Comments Andrey Komov, AEB Construction Equipment Committee Chairman, Managing Director, Volvo CE Russia:
“Specific features of the Russian market, which consists of mainly middle and heavy class machines, helped to overcome the situation. Those machines are mainly working in road construction and mining/extraction segments, which did not stop working even during lockdown. This fact proves that without outside interference into the market it will find the balance by itself taking into account all macroeconomic factors. Now we see the threat of artificial impact on the market, which will break the balance. Recently we have been forced to revise our forecast for 2021 – from growth to decline scenario. Unfortunately, the initiative of our main regulatory body (Ministry of Industry and Trade) to increase scrappage fee by 2-4 times will lead to significant growth of the prices for 80% of the machines on the market, which will cause inevitable market decline. Our industry is deeply concerned about this fact, because unpredictable regulatory measures are worsening the overall investment climate in the country and may slow down the economic recovery”.
