Volvo launches tech support center in Shanghai

Shanghai, July 7 (Gasgoo.com) Sweden-based Volvo Construction Equipment Co., which makes excavators, haulers and trucks, has launched a test and technology support center in Shanghai and expects better China market conditions, Shanghai Securities News reported.

The company aims to sell 3,000 to 4,000 units in China this year, Eberhard Wedekind, its Asia Pacific president, said last Thursday after launching a 150 million yuan ($21.96 mln) test and technology support center in Shanghai.

Volvo Construction Equipment Co. is confident about the Chinese market as the government's stimulus package, which focuses on housing, rural infrastructure and transportation, is offering new commercial and development opportunities, Wedekind said.

The company's annual sales in the Chinese market had risen 35 percent in the past four years. "China will continue to dominate the world's construction equipment market," he said at the launch.

Volvo Construction Equipment Co. is the world's third largest manufacturer of construction equipment, with its excavators, haulers and trucks widely used in the mining sector. Its Shanghai support center will provide marketing, technology R&D, training and test services.