During the year, several initiatives were implemented to support development in the BRIC countries (Brazil, Russia, India and China).
Investments to expand excavator manufacturing were made in India and decided upon in Brazil. The investments include assembly and manufacture of components for the models in the domestic markets. In China, excavator capacity was also increased by a decision to commence manufacturing four new models of the SDLG excavators.
In March, a decision was made to build a new technology center in Jinan, China. The technology center will focus on the development of products and components for equipment for the BRIC countries and includes the Volvo and Lingong brands.
Presence in the Russian market was strengthened further by an agreement with Ferronordic, which is planning to expand its distribution network with more affiliates to increase sales and service.