Volvo Inaugurates New China Tech Center
Volvo Construction Equipment (Volvo CE) has inaugurated a new technology center in China. The Jinan Technology Center in Shangdong province is intended to specifically focus on developing products and components for customers in emerging markets. The 50,000 m2 represents a US$40 million investment that combines design offices with workshops and facilities for testing both complete machines and components.
Currently there are more than 150 employees working at the center – the majority of which are local engineers. Employee numbers are set to grow – the site can accommodate up to 450 people, Volvo CE said.
“Opening a technical center in China plays an important role in Volvo CE achieving its growth ambitions,” said Anders P. Larsson, executive vice president of Volvo CE’s Technology function. “The Jinan Technology Center is an important element in our plan to have a global footprint of engineering and design resources. The facility will help us to expand and develop Volvo CE’s global product portfolio.”
“Emerging markets present an attractive and growing opportunity for Volvo CE to provide customers with high quality products that are tailored to their specific needs,” said Mats Sköldberg, president of Volvo CE Technology, China. “Volvo Construction Equipment specifically chose to invest in the city of Jinan – confirming our confidence in local engineering. China is the biggest and now perhaps the most important, market for us and we know that it is vital to have a design and manufacturing presence where the machines are used. It gives us a greater understanding of our customers and their needs – and that’s a big advantage in today’s highly competitive global marketplace. With this new facility we will be able to provide machines tailored to the needs of the marketplace and deliver them to customer specifications in a shorter lead time.”