Volvo Construction Equipment announces strategic investment in Indian facility for the production of excavators

As part of the company’s objective of supporting customers in the growing BRIC (Brazil, Russia, India & China) markets, Volvo Construction Equipment has announced a strategic investment in its existing facility in Bangalore, India.

The investment, which totals around SEK 144 M, will allow Volvo Construction Equipment to produce medium sized excavators at the plant. These machines will primarily be models for use on the Indian market. Eberhard Wedekind, President of Volvo Construction Equipment’s Region Asia comments: “This investment will allow Volvo Construction Equipment to fulfil the needs of customers in the large Indian market much more effectively than we could do in the past. It is a strong sign of our commitment to the growing Indian market.” Production of the first machines is expected to start by the end of 2011. May 11, 2010 For further information, please visit: www.volvoce.com/press Or contact: Bill Law Director, External Communications Volvo Construction Equipment Avenue du Hunderenveld 10 B-1082 Brussels, Belgium Tel: int + 32 478 92 43 26 Email: bill.law@volvo.com Brian O’Sullivan SE10 London Tel: int +44 77 333 50 Email: osullivan@se10.com Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from the Volvo Group. You can preview and request video material as MPEG2 files or on Beta SP tapes. Registration and video material are free for the media.