Press releases

Regional President Vincent Tan used his Excon press conference speech to highlight the fact that India remains strategically important for the company, outlining its progress on introducing local excavator production as well as unveiling several new products to the market.

After a SEK 144 million (Rs 90 crores) investment, Volvo Construction Equipment’s factory in Bangalore is now producing its first excavators.

Stronger-than-expected increases in demand from customers in Europe and North America have helped boost third quarter sales at Volvo Construction Equipment.

Thousands of operators from across China are participating in Volvo Construction Equipment’s National Eco Operator Contest, Operator Idol – an initiative that aims to teach operators fuel-efficiency techniques.

The Volvo Group has qualified yet again for inclusion in the Dow Jones Sustainability World Index (DJSI), a list of the world’s foremost companies in terms of sustainability efforts.

Volvo Construction Equipment has been awarded the ‘Presidential Prize’ in the 2011 National Productivity Awards, run by the Korean Government.

Strong momentum in most markets underpinned a confident quarter for Volvo Construction Equipment, one that saw the company strengthen its leadership position in the Chinese wheel loader and excavator market.

With extensive experience in the local market, Vincent Tan has been appointed President of Volvo CE’s Asian sales region.

Volvo Construction Equipment’s new CEO Pat Olney has used his first major press conference to underscore the company’s continued commitment to developing its Asia activities and customer base.

Recoveries in mature markets combined with sharp increases in emerging countries and internal cost reductions saw Volvo CE record a 53% increase in sales, a 70% increase in income – and a record operating margin in the first financial quarter of 2011.