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. |
| After 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. |
| Volvo Construction Equipment has entered into a strategic partnership with HUSS, LLC, a leading specialist in diesel particle filtration and systems for exhaust aftertreatment, to provide retrofit systems for Volvo construction equipment that will significantly reduce exhaust emissions…and make the air we breathe cleaner. |
| On October 11, 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. |
| Olof Persson, 44, will assume the position of president of Volvo Construction Equipment on November 1, 2008. |
| Volvo Construction Equipment will be among the leading exhibitors at Bauma China in Shanghai. On show will be the new Volvo EC60C, the company’s recently introduced range of road machinery and a host of other machines. |
| The first Volvo Pipelayers (Volvo PL) have arrived in North America. The Volvo PL4611, one of five models in the new product class of pipelaying machines developed by Volvo Construction Equipment, is in full production and available now for the North America market. The second model in this innovative class of heavy-duty, purpose-built equipment, the Volvo PL4608, will go into production in November with first delivery dates set for December 2008. |
| The National Shingo Prize announced July 23 that the Asheville Plant is awarded the National Shingo Silver Medallion for 2008/2009. The formal recognition and award will be presented at a ceremony in Nashville, Tennessee in May 2009 as well as the North Carolina State Shingo Conference in March 2009. |
| Volvo Construction Equipment North America, Asheville, North Carolina, has completed negotiations for the acquisition of Volvo Construction Equipment & Services (VCES) branches located in Villa Park and Springfield, Illinois, by its Illinois dealer, McAllister Equipment Co., Alsip (Chicago), Illinois. |
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