Volvo Construction Equipment | investinchina.chinadaily.com.cn

Volvo Construction Equipment

  • Updated: Jan 14, 2022

Founded in 1832, Volvo Construction Equipment (Volvo CE) is a Sweden-based company that develops, manufactures and markets equipment for construction and related industries. It is a subsidiary and business area of the Volvo Group.

Volvo CE is among the world's leading manufacturers of articulated haulers and wheel loaders, as well as one of the world's foremost manufacturers of excavation equipment, road development machines, and compact and premium construction equipment. It achieved this through mergers, acquisitions, development and drive. It also offers servicing, financing, used equipment, rentals, and other related services.

In 2020, the company moved its Asian headquarters to the Jinqiao Economic and Technological Development Zone in Pudong, Shanghai.

The Jinqiao Volvo CE will handle half of the company's global business. It is expected to play an active role in attracting more high-end manufacturing enterprises to Pudong.

In the third quarter of 2021, Volvo CE saw its net sales reach SEK 19,638 M ($2.3 billion) compared to SEK 17,619 M ($2 billion) during the third quarter 2020.

 

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