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Tag: Pat Olney
Roadbuilding
Terex to sell truck business to Volvo CE
Terex announced on Monday that it plans to sell its truck business to Volvo Construction Equipment for approximately $160 million. The transaction, which is expected to close in the first half of 2014, will provide Volvo with off-highway rigid and articulated haul trucks. Terex’s Motherwell, Scotland manufacturing facility is included in the transaction. Terex Chairman […]
December 10, 2013
Roadbuilding
Volvo CE names Martin Weissburg as next president
Volvo Construction Equipment has announced its next president will be Martin Weissburg, who currently serves as president of Volvo Financial Services (VFS), according to a report from our sister site, Equipment World. Weissburg succeeds current Volvo CE president Pat Olney, who announced in October that he will be leaving the company at the end of […]
November 18, 2013
Roadbuilding
Volvo CE president Pat Olney to leave company
Volvo Construction Equipment announced Monday that company president Pat Olney has decided to leave his position to join a non-competing engineering company in the U.S. Olney, who has served as Volvo’s president for about two of the 17 years he has been with the company, will continue to remain in his position until the end […]
October 21, 2013
Business
Volvo CE president Pat Olney is leaving the company
Volvo Construction Equipment announced this morning that company president Pat Olney is leaving the company at the end of this year. Olney will take a position in a “non-competing, large engineering company” based in the United States. In a statement this morning, Olney cited a 17-year career at VCE and stressed the change “was not an […]
October 21, 2013
Business
Volvo Construction Equipment first-quarter profits tumble 76%, sales down 32%
While the company was happy to see its profitability improve from the fourth quarter, Volvo Construction Equipment’s first-quarter operating income plummeted 76 percent from the same period a year ago. The company reports that it was hurt by declines in each market and a sharp decline in mining sector demand. Volvo reported first-quarter operating profits […]
April 26, 2013
Equipment
Volvo CE president says SCR will be primary Tier 4 Final solution
Volvo Construction Equipment will primarily use SCR technology as its Tier 4 Final approach, said Pat Olney, president of Volvo Construction Equipment, today at the Bauma trade show in Munich, Germany. “We’re pleased to say we’re able to achieve 5 percent additional fuel efficiency with our Final approach,” said Olney. The DEF (or urea) tank on […]
April 17, 2013
Construction Equipment
Volvo Construction Equipment up 15%
Volvo Construction Equipment saw sales increase 15 percent in second quarter. Volvo says the company has strengthen its market position in wheel loader and excavator sales in China, taking a 14.7% share.? Despite a downturn in the Chinese market, which declined by 38% during the quarter, Volvo CE says its sales were positively affected by […]
July 24, 2012
Roadbuilding
Intermat Overview
Tier 4 Final engines and transmissions with claims of double-digit leaps in fuel economy headlined Intermat, which took place in Paris, France, April 16-21; Selective Catalytic Reduction, or SCR, is the front runner in Tier 4 Final technology.
June 9, 2012
Construction Equipment
JCB at full skid steer production capacity
The Savannah Morning News on Sunday called JCB’s retooling a “resounding success” noting that JCB’s Pooler plant — located near Savannah–is now at full skid steer production capacity. The facility has rebounded from the recession, when it laid off more than 200 people.   The newspaper reports the company is producing 25 machines a […]
May 29, 2012
Equipment
Intermat Overview
Tier 4 Final intros headline Intermat  By Marcia Gruver Doyle and John Latta   Tier 4 Final engines and transmissions with claims of double-digit leaps in fuel economy headlined Intermat, which took place in Paris, France, April 16-21. Selective Catalytic Reduction, or SCR, is the front runner in Tier 4 Final technology, with […]
May 25, 2012
Equipment
Volvo CE president confident in North American market
Volvo Construction Equipment president and chief executive Pat Olney discussed his confidence in the North American construction equipment market at a press conference Thursday in Miami. Olney’s confirmation of his belief in the recovery in the North American construction equipment market, which the company expects could see demand increase by up to a quarter in […]
May 22, 2012
Gear
Volvo intros wheel loaders at Intermat
Volvo is launching more than 60 new products this year, says Pat Olney, president and CEO. Intermat intros include the L45G, L50G, L60, L70 and L90 wheel loaders. In addition, Olney said while the North American market has grown significantly, the company has overcome the longer lead times experienced last year. “We are much better […]
April 17, 2012
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