July 26, 2017 2:06 AM ET


Company Overview of Volvo Construction Equipment Corporation

Company Overview

Volvo Construction Equipment Corporation designs, manufactures, sells, finances, leases, and services new and used construction equipment. It offers skid steer, compact wheel, and backhoe loaders, as well as compact and wheeled excavators, forestry carriers, demolition equipment, pipe layers, dumpers, telescopic handlers, articulated haulers, motor graders, milling equipment, pavers, compactors, Volvo advanced combustion technology engines, and specialty paving equipment. The company also provides parts, such as care kits, care tracks, expander bolts, factory remanufactured components, filters, genuine Volvo parts, lubricants, undercarriages, and Volvo tooth systems. It sells its products to...

Avenue du Hunderenveldlaan 10

Brussels,  1082


Founded in 1832

Key Executives for Volvo Construction Equipment Corporation

CEO & President
Age: 55
Chief Financial Officer and Senior Vice President of Finance
President of Volvo CE's Asian Sales Region
Chief Technology Officer and Senior Vice President
Head of India Operations
Compensation as of Fiscal Year 2017.

Volvo Construction Equipment Corporation Key Developments

Volvo Construction Equipment Announces Executive Changes, Effective January 1, 2018

Volvo Construction Equipment announced that Melker Jernberg has been appointed President of the company. Melker Jernberg was born in 1968 and is currently President and CEO of Hoganas AB. Prior to this he held the position of Executive Vice President and Head of Business Area EMEA at SSAB. Melker Jernberg will assume his new position on January 1, 2018. Melker Jernberg replaces Martin Weissburg, who due to family reasons has decided to move back to the US and will take up a position as Senior Advisor to Volvo's President and CEO Martin Lundstedt. Martin Weissburg will be stationed in Greensboro, USA.

Volvo Construction Equipment Announces Earnings Results for the First Quarter of 2017

Volvo Construction Equipment announced earnings results for the first quarter of 2017. For the quarter, the company has seen a 30% sales increase to $1.84 billion, citing improved market conditions in all regions of the world except South America as the motivation behind the boost in sales, order intake, profitability, and deliveries. The company reported an increase in operating income of $38.7 million, reaching a total of $183.5 million on an operating margin of 10%. This was a drastic rise from the 2.7% operating margin during the same quarter the previous year.

Volvo Construction Equipment Announces Headquarters Move from Brussels, Belgium to Gothenburg, Sweden

Volvo Construction Equipment (Volvo CE) has announced that the company's global headquarters will move from its current location in Brussels, Belgium to Gothenburg, Sweden. The relocation will facilitate closer cooperation with the Group's other business areas and allow for better usage of competence and resources of the whole Group. The Volvo CE headquarters will be operational in Gothenburg in the third quarter of 2017.

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