Press releases – 2008

10/27/2008L45F and L50F wheel loaders offer twin peaks – Performance and Productivity 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.
10/24/2008Sales at Volvo CE up 2% in challenging market conditionsAfter a first and second quarter with record sales and record income, Volvo Construction Equipment saw sales growth decelerate more rapidly than expected during the third quarter of 2008.
10/14/2008Volvo Construction Equipment has strong business focus on the Volvo Ocean RaceOn 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.
9/30/2008Volvo CE’s motor grader business in Goderich, Ontario, Canada to be moved to Shippensburg, Pennsylvania, USA by 2010Volvo 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.
9/16/2008Olof Persson, new president and CEO of Volvo Construction EquipmentOlof 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.
9/15/2008Volvo puts pipelayers into productionThe innovative class of heavy-duty, purpose-built pipelayers is now in full production.
7/25/2008A class aboveWith performances consistently matching those of machines in heavier weight classes, Volvo Construction Equipment’s new EC460CL and EC700CL tracked excavators offer superior fuel efficiency and reliability.
7/23/2008Sales at Volvo CE jump by 27% in Q2Helping the Volvo Group to its most successful financial period ever, Volvo Construction Equipment had a strong second quarter of 2008, reporting a sales increase of 27% and operating income up 17%.
7/15/2008Volvo expands forestry offering with launch of heavy-duty tracked feller bunchersVolvo Construction Equipment has developed a range of feller bunchers to add to its growing range of dedicated forestry machines.
7/11/2008Volvo set to produce backhoe loaders in MexicoIn a bid to reduce delivery lead times and reduce currency risks, Volvo Construction Equipment is moving production of its centre-shift backhoe loader models to Mexico.
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