1998 was the year in which Volvo Construction Equipment started looking for new and exciting ways and areas to develop and improve the company.
In the same year, Volvo CE acquired the construction equipment operations of Samsung Heavy Industries in Changwon in South Korea, thereby strengthening the Volvo Group’s product range and presence in Asia. This investment made Volvo Construction Equipment the first foreign company to date to invest in South Korea.
Samsung quickly became an important part of Volvo CE’s product development, market and organisation. Under the Volvo brand, everything from small compact excavators to large, heavy-duty variants were produced in South Korea.
At the present time, Volvo Construction Equipment runs production operations in four places in Asia. In addition to Changwon, it runs operations in Jinan and Shanghai in China and in Bangalore in India. Since 2007, the company has also been producing machinery including wheel loaders in collaboration with Lingong in Linyi in China under the SDLG brand. Of Volvo CE’s total work force of 15,000 employees, more than 5,000 work in Asia.
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You can read more about the Volvo Group history on VolvoGroup.com