Volvo CE confident of sustained US recovery

Volvo Construction Equipment (Volvo CE) president and chief executive Pat Olney said demand for construction equipment in North America could jump by a quarter in 2012, after revealing the company posted a 111% increase in like-for-like first quarter year sales. Olney said Volvo CE’s strong Q1 2012, and improved overall construction equipment trading in the US and Canada, had re-emphasised the company’s belief in a sustained North American market recovery.
May 18, 2012 Read time: 2 mins
2394 Volvo Construction Equipment (Volvo CE) president and chief executive Pat Olney said demand for construction equipment in North America could jump by a quarter in 2012, after revealing the company posted a 111% increase in like-for-like first quarter year sales.

Olney said Volvo CE’s strong Q1 2012, and improved overall construction equipment trading in the US and Canada, had re-emphasised the company’s belief in a sustained North American market recovery.

Speaking at a press conference in Miami, Olney said: “Demand for construction equipment in North America jumped 35% during the first three months of the year. This shows us that the recovery that began last year is gathering pace and that our earlier forecast of a 15-25% year-on-year improvement for 2012 is attainable.”
Volvo CE’s North American performance during the quarter helped the company to a 17% increase in global net sales and to post record levels of profitability for a first quarter.

Olney also used yesterday’s press event to emphasise the company’s commitment to the environment and sustainability. He highlighted Volvo CE’s Stage IIIB/Tier 4i emissions compliant range of engine systems and the more than 60 new fuel-efficient products that are being introduced to the company’s global range in 2012. Olney said the products would help Volvo CE achieve its WWF Climate Savers commitment of reducing CO2 emissions from its machines sold between 2009 and 2014 by 15million tonnes.

For more information on companies in this article

Related Content

  • Emphasis on the new at record-breaking World of Asphalt 2013 & AGG1
    February 21, 2013
    The 2013 World of Asphalt and AGG1 expositions taking place March 19-21 in San Antonio, Texas are on course to be sold out by opening day, setting new records for exhibitor numbers and attendees. Guy Woodford discovers that major construction industry manufacturers will be highlighting new as well as established machine models in their exhibits at the co-located events Covering more than 10,870m² of exhibit space, attendees at the 2013 World of Asphalt and AGG1 shows can expect to find a huge line-up of new
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Hillhead promises industry showcase
    June 12, 2012
    Hillhead 2012, the three-day biennial flagship event for the quarrying, recycling and heavy construction industries, is set to be a sell-out. Guy Woodford looks at what a number of major companies will be exhibiting during the show being held next month at Buxton Quarry in Derbyshire With 400 exhibitors already confirmed Hillhead 2012, taking place 19-21 June, is set to draw bumper crowds and provide crucial new business opportunities for companies involved in quarrying, recycling and heavy construction. Ca
    Read More
  • New investment in Brazil for Volvo CE
    December 5, 2012
    Increased demand in Latin America for Volvo CE’s SDLG range of machines has prompted the firm to invest in new manufacturing capability. A new manufacturing facility will be constructed in Brazil that will focus on building the SDLG brand of excavators. Called SDLG America Latina, this operation will be the focus of a US$10 million investment in a manufacturing facility at Pederneiras, São Paulo State. The new factory will be alongside Volvo CE’s existing manufacturing complex in Pederneiras, but will be se
    Read More

Highlighted Content