VERMEER ADDRESSES 'GOLDEN AGE'

摘要

Chris daum asks "have we [in North America] entered the Golden Age of Underground Construction?" Daum is president of FMI Capital Advisors, a consulting and investment banking firm dedicated to construction and argues that yes, they have. He is speaking at a media summit hosted by horizontal directional drill manufacturer Vermeer at their headquarters in Iowa, USA and is one of several guests invited to assess the market into which Vermeer is launching a new range of HDD rigs. "The acceleration of XLPE installation is high, and gas replacement for aged or substandard infrastructure is going through a quadrupling," says Daum, "but even at the current rate of replacement, we're looking at over 54 years to replace everything on the wish list. And midstream oil and gas pipelines just have to be built. No question." As for new installation, Daum adds: "The 'Internet of Things' will dwarf current connectivity. The telecommunications boom is just starting. Google want to drive the future of connectivity, and their spending pushes the world to do the same.