Volvo Drives Ahead in China

Swedish construction equipment provider Volvo Group is planning to invest more than $100 million in the expansion of products for emerging markets, most of it going to China, said the company's chief executive.

"Volvo is committed to supporting our capacity and product offering in China and throughout Asia,” said Olof Persson, president and chief executive of Volvo Construction Equipment, on Tuesday.

"We will achieve this by a comprehensive program of investments in our Asian industrial operations, a strengthening of our dealer network, and an expansion of our products that are more closely tailored to the specific needs of customers in this region," said Persson at Bauma China, the biennial Asian construction equipment exhibition held in Shanghai.

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