Press releases – 2008

Two new mid-sized wheel loaders are the latest additions to Volvo Construction Equipment’s F-Series line up. The Volvo L45F and L50F delivers peak performance for increased productivity – and profitability.

Two new mid-sized wheel loaders are the latest additions to Volvo Construction Equipment’s F-Series line up. The Volvo L45F and L50F delivers peak performance for increased productivity – and profitability.

On 11 October 2008 the first leg of the Volvo Ocean Race got underway in Alicante, Spain. This is the tenth time the prestigious round the world sailing race has been run since its launch in 1972. Eight boats will compete over 9 months and 37,000 nautical miles for the chance to cross the finishing line first in St Petersburg, Russia in June 2009. The race will visit the main markets in Europe and North America as well as stopovers in growing markets such as Brazil, China, India and Russia.

On 11 October 2008 the first leg of the Volvo Ocean Race got underway in Alicante, Spain. This is the tenth time the prestigious round the world sailing race has been run since its launch in 1972. Eight boats will compete over 9 months and 37,000 nautical miles for the chance to cross the finishing line first in St Petersburg, Russia in June 2009. The race will visit the main markets in Europe and North America as well as stopovers in growing markets such as Brazil, China, India and Russia.

Volvo Construction Equipment (Volvo CE) will move the majority of its motor grader activities currently located in Goderich, Ontario, Canada, to the company’s facility in Shippensburg, Pennsylvania, USA. Volvo CE will incur an estimated restructuring cost of approximately 45 MUSD, which will be recorded in the third quarter of 2008.

Volvo Construction Equipment (Volvo CE) will move the majority of its motor grader activities currently located in Goderich, Ontario, Canada, to the company’s facility in Shippensburg, Pennsylvania, USA. Volvo CE will incur an estimated restructuring cost of approximately 45 MUSD, which will be recorded in the third quarter of 2008.

Olof Persson, 44, will assume the position as president of Volvo Construction Equipment (Volvo CE) on November 1, 2008. He replaces Tony Helsham, 54, who will remain in the Volvo Group Executive Committee with a responsibility to support the growth of ‘soft’ products in the Group. Olof Persson is currently president of Volvo Aero. He will, as of the same date, be replaced by Staffan Zackrisson, who is presently head of marketing, programmes and sales in Volvo Aero.

Olof Persson, 44, will assume the position as president of Volvo Construction Equipment (Volvo CE) on November 1, 2008. He replaces Tony Helsham, 54, who will remain in the Volvo Group Executive Committee with a responsibility to support the growth of ‘soft’ products in the Group. Olof Persson is currently president of Volvo Aero. He will, as of the same date, be replaced by Staffan Zackrisson, who is presently head of marketing, programmes and sales in Volvo Aero.

Volvo Construction Equipment has developed a range of feller bunchers to add to its growing range of dedicated forestry machines.

Volvo Construction Equipment has developed a range of feller bunchers to add to its growing range of dedicated forestry machines.