Volvo CE is investing in its research and development

Volvo Construction Equipment has started work on its new test and development centre in Hapcheon, Korea. The facility lies close to the company’s existing excavator manufacturing facility in Changwon. The new facility doubles as Volvo CE’s excavator testing capacity in Korea and includes an all-weather test dome, reliability and noise test field, workshops, various complete machine performance test areas and a customer clinic. Engineers at the 253,515m2 site will focus on excavator product development, adva
May 20, 2014 Read time: 2 mins
Volvo CE is investing in excavator development in Korea
7659 Volvo Construction Equipment has started work on its new test and development centre in Hapcheon, Korea. The facility lies close to the company’s existing excavator manufacturing facility in Changwon. The new facility doubles as Volvo CE’s excavator testing capacity in Korea and includes an all-weather test dome, reliability and noise test field, workshops, various complete machine performance test areas and a customer clinic. Engineers at the 253,515m2 site will focus on excavator product development, advanced engineering and product maintenance. “Over the last few years we have increased the number of excavator projects and it became apparent that we needed to expand our facilities to accommodate our testing requirements,” said Anders P Larsson, executive vice president of Volvo CE’s Technology function. “This important investment of approximately SEK 90 million allows us to expand our excavator R&D capability in Korea, test more machines locally, improve our product development process and reduce lead times.”

The new test and development centre in the Gyeongsang province of Korea is 92km from Volvo CE’s existing R&D facility in Changwon, further establishing the area as the company’s global R&D excavator hub. “Volvo CE specifically chose to invest in Korea close to our Changwon site,” said Anders. “Excavators are a key product for Volvo CE and our customers have a high regard for the fuel efficiency, performance and reliability of our machines. The opening of this advanced test and development center underlines Volvo CE’s commitment to the Korean construction equipment market, as well as our confidence in Korean engineering.”

The new test and development center is Volvo CE’s 12th Technology site. Earlier this year in March, the company officially opened the Jinan Technology Center in Shangdong province, China. “Our latest facilities play an important role in Volvo CE achieving its growth ambitions,” explained Anders. “At Volvo CE we believe it’s important to have a global footprint of engineering and design resources. Locating sites where machines are used gives us a greater understanding of our customers and their needs – and that’s a big advantage in today’s highly competitive global marketplace.”
Earthmoving & soil compaction

Related Content

  • Healthy sales for Volvo CE
    October 18, 2023
    Volvo CE’s earnings are strong and stable for the third quarter
    Read More
  • Volvo CE Q1 2013 net sales down 33% - but firm maintains profitability
    April 25, 2013
    Volvo Construction Equipment (Volvo CE) said sharply lower global demand, especially in the mining sector, during the first three months of 2013 had caused its 33% net sales decline in the quarter to US$1.829 billion (SEK 12,136mn). The Swedish construction equipment manufacturing giant’s operating income was also down in Q1 2013 to $75.38 million (SEK 500mn), compared to $314.97 million (SEK 2,089mn) in the first quarter of 2012, while operating margin was 4.1%, down from 11.6% in Q1 2012. Volvo CE said it
    Read More
  • Volvo CE president unveils emissions technology and product development programme
    January 6, 2017
    Volvo Construction Equipment president Pat Olney has unveiled the low-emissions technology used in the company’s forthcoming Stage IV/Tier 4 Final-compliant machines. He also detailed the progress of investments in Europe and other international markets and announced the extensive development pipeline that will see a radically updated product range launched over the next two years.
    Read More
  • Volvo CE president unveils emissions technology and product development programme
    April 17, 2013
    Volvo Construction Equipment president Pat Olney has unveiled the low-emissions technology used in the company’s forthcoming Stage IV/Tier 4 Final-compliant machines. He also detailed the progress of investments in Europe and other international markets and announced the extensive development pipeline that will see a radically updated product range launched over the next two years.
    Read More

Highlighted Content