Nonresidential construction companies are optimistic about the next six months despite the risk of recession, according to ABC (Associated Builders and Contractors).
Double Coin OTR tires, arriving steadily from the company’s highly advanced commercial tire plant in Thailand, are ready to roll into action!
“Despite the high risk of recession, contractors collectively expect sales, employment and profit margins to grow over the next six months,” said ABC (Associated Builders and Contractors) Chief Economist Anirban Basu in an interview with Aggregates Business Magazine.
“Backlog is down from the cyclical peak in early 2022 and has been roughly flat in recent months. The buoyancy of the nation’s nonresidential construction marketplace is really quite remarkable,” Basu noted.
He added: “Rising interest rates have already driven the single-family homebuilding market into recession, but brisk nonresidential activity continues.”
Double Coin offers a comprehensive line of OTR tires for construction jobs, including:
The Double Coin REM-3 OTR radial (pictured to the right) features a special uni-directional tread design for maximum traction in OTR skid loader applications. Its radial design offers optimum performance and increased tire life, as well as an enhanced ride and handling.
The REM-8 high-speed crane OTR tire is U.S. DOT approved for on-highway use. The OEM Certified REM-8 (pictured to the left) is designed with a universal tread pattern to help minimize fuel consumption, improve traction and deliver a more comfortable ride.
The REM-1 radial for graders is engineered with a multi-purpose tread design for exceptional traction and even wear. The wide footprint of this OTR radial offers excellent flotation while also ensuring a smooth ride.
The REM-2 OTR radial features an aggressive self-cleaning tread design. Engineered to deliver a smooth ride and superior traction for earthmovers and loaders in all types of terrain, the REM-2 is an OEM Certified OTR radial with an advanced casing design that promotes retreadability.
Please click here for information on the Double Coin OTR radial warranty.
To read the entire story quoting the ABC economist in Aggregates Business Magazine, click here.