Ireland’s largest Construction and Quarrying Machinery Show to showcase €50million of machinery to a recovering Irish construction industry
- Higher levels of construction activity expected in 2015 following recent strong growth levels *
- Construction companies take on extra staff at rapid rate with 10,000 new people employed in 2014*
- Overall optimism among Irish construction firms for a positive 2015*
- Strong demand for new technologies in construction equipment
A recovering Irish construction industry has welcomed the announcement today that Ireland’s largest construction and quarrying machinery show (CQMS ’15) will take place in Molloy’s Quarry in Tullamore, Co Offaly on April 17th and 18th, showcasing over €50 million of construction and quarrying equipment.
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. There are exciting times ahead in the construction industry and CQMS ’15 will be there at the helm informing and demonstrating what is available to market leaders.”
CQMS ’15 is a two-day event which will see dealers, distributors and manufacturers exhibiting and demonstrating their machinery and equipment to end users in one convenient location. Some 8,000 – 10,000 industry leaders are expected to attend the show which will host over 100 exhibitors showcasing their products in an indoor marquee. An outdoor demonstrative arena will also be established where construction manufacturers will showcase larger plant, its new technologies and capabilities to specific interest groups.
Brian Coogan says, “The Irish market is ready for work after seven years of recession. Companies are now in a position where they need to purchase new equipment. With finance available through our sponsors Close Brothers Commercial Finance, businesses can finally begin to invest once again.”
Adrian Madden of Close Brothers Commercial Finance is also very optimistic about the future of the construction industry.
“We are delighted to be sponsoring CQMS ’15 as we believe there is a new appetite for industry leaders to invest in their business. We are very positive about the future of the construction and quarrying industry. We encourage those seeking finance to bite the bullet and get advice, as investment is a major contributor to a growing economy,” says Mr Madden.
The launch of CQMS ’15 is being held at Behan’s Quarry at Rathcoole today at 10.30am with a presentation and keynote speech from CIF Director General Tom Parlon in the Poitin Stil.
*The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) is a seasonally adjusted index designed to track changes in total construction activity.
