SIG plc ( SIG , the Group or the Company ) , a leading supplier of specialist building solutions to trade customers across Europe, is pleased to announce the appointment of Shatish Dasani as a Non-Executive Director and Chair of the Audit Committee with effect from 1 February 2021. He will also be a member of the Nominations and Remuneration Committees. Shatish will replace Ian Duncan who will be stepping down as Non-Executive Director and Chair of the Audit Committee with effect from 31 January 2021. Ian had informed the Board last year that he was looking to reduce his work commitments and planned to retire from his role at the Company as soon as a successor could be appointed.
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PUNE, India, Dec. 16 2020 /PRNewswire/
The global construction equipment rental market was valued at US$ 79.73 Bn in 2019 and is anticipated to witness a compound annual growth rate of 4.5% over the forecast period
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The covid-19 outbreak is expected positively impact the global construction equipment rental market. Lowered risk-taking capacity by construction companies owing to the pandemic is expected to contribute to the growth of the market.
High cost associated with the purchase of construction equipment such as heavy down payment, repair and maintenance expense and other adding operational expenses such as licensing, insurance and tax amongst others is influencing the adoption equipment on rental basis, especially among large construction sites.