VOLVO construction equipment sales raise 73% in the second quarter of 2010
In the second quarter of 2010, the total net sales of VOLVO construction equipment is 15.295 billions SEK, rise 67.14% compare with the same term of last year. Without the rate effect, this quarter rise 73% compare with last quarter. The profit is 2.086 billions SEK (lose 1.259 billions SEK in the same term of last year),the order value rise 78% compare with the same term of last year. And in this quarter VOLOV invest 144 millions SEK to build a new excavator factory in India, and authorized the Ferronordic Machines to distribute VOLVO construction equipments in Russia.
VOLVO construction equipment says the market towards a good direction now, and they forecast the European market will rise 10% in 2010; the North American market will raise 5%-10%; the Asia market will raise 30%-40%; the other market will rise 40%.