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Volvo Construction Equipment

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Volvo Construction Equipment
FormerlyVME Group
Company typeSubsidiary of the Volvo Group
IndustryHeavy equipment
Predecessors
  • Eskilstuna Mekaniska Verkstad
  • Munktells Mekaniska Verkstads Aktiebolag
  • AB Bolinder-Munktell
  • Volvo BM
Founded1832 (1832) in Eskilstuna, Sweden
Founders
  • Johan Theofron Munktell
  • Jean (Johan) Gerhard Bolinder
  • Carl Gerhard Bolinder
HeadquartersGothenburg, Sweden
Areas served
Worldwide
Key people
  • Melker Jernberg, (President)
Products
  • compactors
  • demolition equipment
  • dumpers
  • excavators
  • haulers
  • loaders
  • material transfer vehicles
  • milling equipment
  • motor graders
  • pavers
  • pipelayers
  • road wideners
  • tack distributors
  • waste handlers
Brands
RevenueDecrease 50.731 billion kr (2016)[1]
Increase 2.246 billion kr (2016)[1]
Number of employees
13,397 (2016)[1]
ParentVolvo
Subsidiaries
Websitevolvoce.com

Volvo Construction Equipment - Volvo CE - (originally Munktells, Bolinder-Munktell, Volvo BM) is a major international company which develops, manufactures, and markets equipment for construction and related industries. It is a subsidiary and business of the Volvo Group.

Overview

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Volvo CE's products include a range of wheel loaders, hydraulic excavators, articulated haulers, motor graders, soil and asphalt compactors, pavers, backhoe loaders, skid steers, and milling machines. Volvo CE has production facilities in the United States, Brazil, Scotland, Sweden, France, Germany, Poland, India, China, Russia, and South Korea.

Volvo CE sells machines under two brands: Volvo and SDLG.

History

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Three men laid the foundation for Volvo Construction Equipment: Johan Theofron Munktell and two brothers Jean Bolinder and Carl Gerhard Bolinder.[2]

  • In 1832, Johan Theofron Munktell who was then 27, began what became Volvo Construction Equipment in Eskilstuna, Sweden. In 1913, Munktell and his team produced Sweden's first tractor. Elsewhere in Sweden, other entrepreneurs were making progress. Jean and Carl Gerhard Bolinder, who were brothers from Stockholm, had been manufacturing steam engines and crude engine oil since 1844.
  • In 1932, a century after Johan Theofron Munktell’s began his company in Eskilstuna, Bolinder moved to Eskilstuna and both companies merged under the name AB Bolinder-Munktell. In 1934, Bolinder Munktell produced the legendary BM 25 tractor.
  • In 1950, Volvo bought the machine manufacturer Bolinder-Munktell (BM). Four years later in 1954, the company produced its first wheel loader H10. It was the world's first loader to feature a parallel lift arm system and attachment bracket, establishing Volvo as one of the leading construction companies in the world. They produced the world's first articulated hauler: the Volvo DR 631 Gravel Charlie-in 1966.
  • In 1973, the company changed its name to Volvo BM AB. In 1979, Valmet partnered with Volvo and produced tractors under the Volvo BM Valmet brand. Valmet and Massey Ferguson agreed to produce tractors at Massey Ferguson's factory in Beauvais, France. The tractor manufacturing division was sold to Valmet in 1985.[3] Also in 1985, Volvo BM joined the American manufacturer Clark Equipment and its subsidiary Euclid Trucks. The product name Clark Michigan was abbreviated to Michigan and the three brand names Volvo BM, Michigan, and Euclid were incorporated into the new company VME Group.
  • In 1995, VME became a fully owned Volvo company and changed its name to Volvo Construction Equipment. In 1998, Volvo CE became the first foreign company to invest in Korea. The acquisition of Samsung Heavy Industries (Construction Equipment Division) increased its sales and presence in Asia.
  • In January 2007, Volvo purchased 70% of SDLG. In April of the same year, Volvo also finalized the acquisition of a division of the American company Ingersoll Rand. The division manufactures machines for road construction. In July 2020, Volvo Construction sold Blaw-Knox pavers to Gencor Industries Inc. which is in Orlando.[4]
  • In December 2013, VCE agreed to pay US$160m for the heavy haul truck line of U.S. manufacturer Terex, [5] Including Terex Equipment Ltd (TEL) of Scotland.[6]
  • In December 2020, Volvo began delivering all-electric ECR25 Electric compact excavators to customers.[7]
  • In September 2021 VCE dropped the Terex name and rebranded the business Rokbak.[8]
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  • A heavily modified Volvo is used during the launch of large balloon payloads at Esrange in northern Sweden
    A heavily modified Volvo is used during the launch of large balloon payloads at Esrange in northern Sweden
  • Volvo BM tractor
    Volvo BM tractor
  • Volvo A25D
    Volvo A25D
  • Volvo excavator on construction site in Tomaszów Mazowiecki, Poland
    Volvo excavator on construction site in Tomaszów Mazowiecki, Poland
  • A Terex 6300AC "Heavy Hauler", one of the biggest dump trucks in the world. c. 2000[9] Volvo began to acquire the brand in 2013, and dropped the name in 2021
    A Terex 6300AC "Heavy Hauler", one of the biggest dump trucks in the world. c. 2000[9] Volvo began to acquire the brand in 2013, and dropped the name in 2021

References

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  1. ^ a b c "Annual and Sustainability Report 2016" (PDF). Volvo. pp. 81, 92. Archived from the original (PDF) on 2017-07-02. Retrieved 2017-07-11.
  2. ^ "Looking Back - Moving Forward" (PDF). Archived from the original (PDF) on 5 March 2016. Retrieved 5 October 2015.
  3. ^ "Valmet Tractors". Tractor Data. Retrieved February 10, 2023.
  4. ^ "Volvo CE sells Blaw-Knox pavers to Gencor". 2020-07-31. Retrieved 2020-08-10.
  5. ^ Terex Agrees to Sell Truck Business to Volvo for $160 Million investorsterex.com December 09, 2013
  6. ^ "Volvo CE takes on Terex trucks". 19 March 2020.
  7. ^ Lambert, Fred (2020-12-17). "Volvo begins deliveries of its electric construction machinery". Electrek. Retrieved 2021-08-26.
  8. ^ "Volvo drops Terex brand".
  9. ^ "10 Largest Dump Trucks on Earth". April 2008.
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