Profile: Volvo AB (VOLVY.PK)
7 Jan 2016
Volvo AB is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. It operates through six segments: Trucks, Construction Equipment, Buses, Volvo Penta, Governmental Sales and Customer Finance. The Volvo Group's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. The Company has approximately 70 production sites in over 20 countries around the world. The Company sells its products in over 190 markets. In addition to its production sites, the Company's industrial operations across the world include various product development centers, and a range of parts distribution centers and logistics centers.
The Volvo Group manufactures special-purpose vehicles for use by, for instance, government, defense, peace-keeping and relief organizations. In addition to vehicles and machines, the Volvo Group's offering includes various types of financing solutions, insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. The Company provides customer financing and leasing, dealer financing and related fee-based products, such as insurance. The Volvo Group's product range is divided into Vehicle, and Service & Aftermarket. The sale of new vehicles, machinery and engines consists of Vehicle, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Service & Aftermarket includes sale of maintenance service and other aftermarket products.
Trucks are sold and marketed under the brands Volvo, UD, Renault Trucks, Mack and Eicher. The Company's brands offer customers a range of products and services for transport. Its trucks transport furniture, clothing, sanitary products, computers and other products.
The Construction Equipment segment develops, manufactures and markets equipment for construction and related industries under the brands Volvo, SDLG and Terex Trucks. Its offers a range of wheel loaders, wheeled and crawler excavators, articulated haulers, road machinery and a range of compact equipment. Its construction machinery is used in infrastructure expansion projects, such as construction of roads, railways and bridges. Its construction equipment is used to build housing, industrial and sports facilities. Its construction equipment and trucks are used to mine iron ore, clear forests, transport lumber or haul many tons of stone and rock.
The Company's Buses segment has a product range, which includes buses and bus chassis for city, intercity and coach traffic. The company has a total offering that, in addition to buses, includes a global service network, spare parts handling, service and repair contracts, financial services and traffic information systems. The offer also includes transport systems for electric buses, including charging infrastructure.
Volvo Penta manufactures engines and drive systems for both leisure boats and commercial craft, with an engine range of 10 to 900 horse power (hp) and has a global service network of approximately 3,500 service points. Volvo Penta also supplies industrial engines ranging from 75 kilowatt (kW) to 655 kW for a range of industrial applications, such as container hand ling, mining equipment and power generation.
The Company competes with Daimler, Iveco, MAN, Navistar, Paccar, Scania, Sinotruk, Brunswick, Caterpillar, CNH, Cummins, Deere, Hitachi, Komatsu and Terex.
GOTEBORG 405 08
Company Web Links
- BRIEF-Volvo says to make additional EUR 20 mln provision for EU anti-trust settlement
- Truckmaker Volvo beats earnings forecast, sees U.S. market weaken
- UPDATE 2-Truckmaker Volvo beats earnings forecast, sees U.S. market weaken
- BRIEF-Volvo Q2 core profit tops forecast, cuts N. America outlook
- Volvo Ocean Race unveils tough new route