Volvo CE confident in US recovery

By Helen Wright18 May 2012

Pat Olney, president & CEO of Volvo Construction Equipment.

Pat Olney, president & CEO of Volvo Construction Equipment.

Volvo Construction Equipment president and CEO Pat Olney is bullish about North American market prospects, and claims the turnaround that began last year is gathering pace.

In its first quarter results report, Volvo CE forecast that sales in North American could jump by up to +25% this year, after growing +35% in the first quarter along.

Speaking nearly a month after the results were announced, Mr Olney said the manufacturer was in a good position to capitalise on improving market conditions in the region.

"We are outperforming the market conditions by offering a young fleet of innovative products tailored to meet the needs of specific customer groups, combined with a strong and loyal distribution network and a substantial investment programme," he said.

Mr Olney added, "We are continuing to invest throughout the business cycle in our people, our production facilities and distribution networks. With a technologically advanced fleet of innovative - and award winning - products, we have made a strong commitment to the Americas and regard it as a home market for the company."

Volvo CE plans to introduce over 60 new machines in 2012 - part of a comprehensive overhaul of its product range in line with the EU Stage IIIB/US Tier 4 Interim exhaust emissions requirements. These new laws require manufacturers to use more environmentally friendly engines in their equipment, and many are taking the opportunity to overhaul entire product lines at the same time.

The company also plans to spend US$ 100 million in a product and manufacturing expansion programme in North America that could eventually see its Shippensburg, Pennsylvania, US, factory produce 70% of the machines Volvo CE sells in North America.

Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Post-pandemic demand leads to long delivery times
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
EasyAlquiler launches in Spain
EasyAlquiler agreement takes Maxber online, opening up business and marketing opportunities
Regulator approves Hyundai deal for Doosan Infracore
South Korean regulator gives green light to deal for Hyundai Heavy Industries Holdings to buy Doosan Infracore
Mike Hayes Editor, Construction Europe Tel: +44(0) 1892 786 231 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: