Tag: Volvo CE: Page 22

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

Business

Volvo sells Volvo Rents equipment rental business to Platinum Equity

As rumored earlier this year, the Volvo Group has agreed to sell its Volvo Rents construction equipment rental business to Platinum Equity, a U.S.-based private equity firm, for $1.1 billion (SEK 7.5 billion). The sale should be completed during the first quarter of 2014. As a pre-requisite for the sale to go through, Platinum Equity […]

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

Business

Martin Weissburg named next president of Volvo Construction Equipment

Martin Weissburg, currently the president of Volvo Financial Services (VFS), will be the next president of Volvo Construction Equipment. Near the end of October it was announced that current Volvo CE president Pat Olney is leaving the company at the end of the year. Olney has been named as the next chief operating officer of […]

November 18, 2013

Business

Volvo CE maintains outlook as 3Q operating income falls 17%

Citing weak demand and “no clear sign of a global recovery in the sector in sight,” Volvo Construction Equipment saw decreases in third quarter sales and operating income. Net sales for the company dropped 7 percent to 12.278 billion SEK ($1.9 billion). Volvo CE says sales were mainly affected by “lower activities in the global […]

October 25, 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

Equipment Experts

Volvo CE to offer artic haulers with Phillipi-Hagenbuch products, technology

Volvo Construction Equipment will soon offer Phillipi-Hagenbuch (PHIL) products and technology with Volvo articulated haulers. PHIL announced Tuesday that the two companies have entered into an international supply agreement in which Volvo will offer, with its artic haulers, PHIL products and technology such as proprietary ejector bodies, water tanks, J-Hook systems and sticky material carryback […]

October 16, 2013

Roadbuilding

Volvo CE to offer artic haulers with Phillipi-Hagenbuch products, technology

Volvo Construction Equipment will soon offer Phillipi-Hagenbuch (PHIL) products and technology with Volvo articulated haulers. PHIL announced Tuesday that the two companies have entered into an international supply agreement in which Volvo will offer, with its artic haulers, PHIL products and technology such as proprietary ejector bodies, water tanks, J-Hook systems and sticky material carryback […]

October 16, 2013

Roadbuilding

Volvo’s ECR25D short swing radius excavator delivers high breakout, tearout forces in compact machine

Volvo’s ECR25D short swing radius excavator, introduced earlier this year, offers the breakout and tearout forces of a large machine with the maneuverability and ease of transport of a compact machine. With an operating weight of 5,489 pounds, the 2.5-ton ECR25D achieves a breakout force of 4,554 pounds, a short arm tearout force of 3,885 […]

September 9, 2013

Roadbuilding

Guest Blog: A new deal

With the housing market showing signs of new life and public infrastructure spending high on the agenda, it’s possible to believe that the long, nuclear winter of recession in road-building may just be drawing to an end. In May, monthly home sales hit their highest level since July 2008. According to a Standard & Poor […]

July 29, 2013

Roadbuilding

Volvo releases Road Institute 2013-2014 course schedule

Volvo Construction Equipment has announced the 2013-2014 course schedule for Road Institute, which offers two- to five-day training sessions from mid-October until May in Chambersburg, Pennsylvania, and in Phoenix, Arizona. Road Institute uses a combination of classroom-style instruction and hands-on learning to teach road building industry professionals about getting the most from their equipment. Road […]

July 22, 2013