In a move that will improve the company’s penetration in the core earthmoving segment and extend its presence in light mining, Volvo Construction Equipment has agreed to acquire the off-highway hauler business of the Terex Corporation for a purchase consideration of approx. USD 160 M (approx. SEK 1 billion) on a cash and …
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Volvo parks up in Qatar
Al-Princess construction & Quarry (ACQ), was contracted to excavate 99,000 m3 of earth to pave the way for the West Side Park project in Qatar. Qatar's ever expanding capital of Doha, is located on the coast of the Persian Gulf and home to an area devoted to research and education …
Read More »Volvo builds on its history of innovation at ConExpo with the global launch of Tier 4 Final equipment
ConExpo 2014 will set the stage for the launch of Volvo Construction Equipment’s most innovative range of machines and services to date, not to mention the company’s highly-anticipated Tier 4 Final/Stage IV engine technology. Attendees can consult Volvo experts on industry trends, customer support offers and the best fit for …
Read More »Martin Weissburg new President of Volvo CE
Martin Weissburg, 51, has been appointed new President of Volvo Construction Equipment. Weissburg is currently President of the Volvo Group’s customer finance company, Volvo Financial Services, VFS, and a member of the Group Executive Team. He will assume his new position on January 1, 2014, and replaces Pat Olney. Martin …
Read More »Indian coal giant depends on Volvo
More than a hundred Volvo machines are working at the biggest open cast coal mine in Asia. Korba is the industrial hub of Chhattisgarh state and the power capital of Central India. Its landscape plays host to a number of giant power projects, but its show piece – the Gevra …
Read More »Rolling out concrete plans with Volvo
Tennessee based highway contractor, Robert Smith Inc., recently laid more than 49,000 m2 of compacted concrete at a Jack Daniels distillery site. The official nickname for Chattanooga in the USA is the Scenic City – reinforced by the city’s growing reputation as a haven for all kinds of outdoor activity. …
Read More »Pat Olney leaves Volvo Construction Equipment
Mr. Pat Olney, currently President of Volvo Construction Equipment, has decided to leave his position to take up a new challenge in a non-competing, large engineering company based in the U.S.A. Pat Olney will remain in his present position until year end. Mr. Olney, aged 44, joined Volvo CE in …
Read More »Green mine in China feels chemistry with Volvo
The Sichuan Lomon Corporation (Lomon Group) in China is the largest supplier of phosphate in Asia – ranking fifth globally – and is the largest extractor of titanium dioxide in China. The company’s green mine in Panzhihua produces 35 million tons of chemical products a year. Panzhihua is a city …
Read More »Watering India with Volvo Penta power
The Godavari Tubewell Drilling Company borewell unit, with Ingersoll Rand air compressor powered by a Volvo Penta D16 engine, is shown in action in Western India. With the need for private water wells making air compressor-powered borewell operations more and more vital in western India, Volvo Penta has begun …
Read More »Volvo CE divests its dealership in Central Europe to Ascendum
In a further example of divesting, where appropriate, company-owned dealers to well-financed independent distribution partners, Volvo Construction Equipment has sold its dealership interests in Austria, Bosnia-Herzegovina, Croatia, the Czech Republic, Hungary, Moldova, Romania, Slovakia and Slovenia to the Ascendum Group. Volvo Construction Equipment (Volvo CE) has announced that it has …
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