Recently, the cornerstone laying ceremony for the Jinan R&D center of Volvo Construction Equipment was held. Leaders from the Jinan Municipal Government, Jinan Hi-tech Industrial Development Zone and other relevant departments attended the ceremony accompanied by Volvo CE. The center is dedicated to the research and development of complete machines, assembly and parts products suitable for emerging markets. It is currently the only product and technology center in Volvo Construction Equipment China, and it is also the national R&D center established by Jinan's first Fortune 500 company. The Jinan R&D center of Volvo Construction Equipment will become an important part of Volvo's global R&D network and promote the development and upgrade of Volvo CE's China strategy.
The Jinan R&D center project of Volvo Construction Equipment was officially launched after the approval of relevant departments of Jinan City in 2010. The infrastructure work of the center commenced after the foundation laying ceremony in 2011 and is expected to be completed before the end of 2012. The completed center will occupy an area of ​​about 5 Ten thousand square meters. At the same time as infrastructure construction, the development of new products is also in full swing. At present, the primary task of the center is to recruit and establish a strong Chinese-foreign technology R&D team. Volvo Construction Equipment welcomes talents from Jinan and even the entire province and the country. According to the plan, by 2013, the professional R&D and design staff of the center is expected to reach nearly 200. At the same time, the world's major R&D centers will also provide Jinan Center with support in terms of technology, resources, and personnel.
As a world-renowned construction equipment manufacturer, Volvo Construction Equipment operates in more than 150 countries around the world. At present, China has become one of its most important markets in the world. Since entering China in 2002, Volvo Construction Equipment has been serving the local market with leading and innovative products and technologies. Volvo Construction Equipment's strategy is to base itself on local and global services. While focusing on the local market, it will also focus on covering emerging markets such as the BRIC countries (China, Russia, India and Brazil). The data shows that from 2008 to 2010, the proportion of Volvo's construction equipment sales in emerging markets has risen from 20% to 42%, showing an astonishing growth potential. In 2010, Volvo Construction Equipment invested nearly 300 million Swedish kronor in the Jinan R&D Center for Volvo Construction Equipment for the needs of customers in emerging markets, especially emerging markets.
As one of the markets with the greatest potential and fastest growth in the world today, China’s rapid development has become a traction that has driven the global economy out of its shadow. Continuous investment in Volvo Construction Equipment will meet the needs of rapid development and change in this market. The Jinan Research and Development Center is an important addition to Volvo Construction Equipment's global industrial chain. It will consolidate Volvo's construction equipment in China and other emerging markets. Leadership plays an important role.
Jinan is a science and technology and financial center in Shandong Province. It is also a gathering place for outstanding technical talents. While constantly adapting to global economic integration, Jinan is also striving to build a service-oriented government to provide foreign investors with a superior international investment environment for local development. These are the main reasons why Volvo Construction Equipment China R&D Center has settled in Quancheng. The project received strong support from all levels of government in Jinan City. The Jinan High-tech Industrial Development Zone Administrative Committee attended the celebration on that day and said: “Jinan has developed into one of the most dynamic capital cities in China. While giving full play to its advantages in the industry, Jinan is actively promoting regional cooperation and cooperation with foreign companies, and the introduction of Volvo Construction Equipment, a phoenix, will vigorously promote the improvement of local product R&D capabilities and increase the level of engineering technology.We believe that Volvo Construction Equipment Jinan R&D Center will be the sustainable development of Jinan industry. Inject fresh vitality."
It is reported that Volvo Construction Equipment is a large multinational company that is mainly engaged in the development, production and marketing of construction and related industrial equipment. Its products occupy a leading position in the international market, mainly including wheel loaders, hydraulic excavators, articulated trucks, motor graders and small construction equipment. Volvo CE is part of the Volvo Group, which is the world's leading manufacturer and service provider of trucks, buses, construction equipment, marine and industrial application drive systems, aerospace components. In addition, Volvo Group also offers a full range of financial and after-sales service solutions.
Volvo Group officially entered China in the late 1990s and Volvo Construction Equipment (China) Co., Ltd. was established in Shanghai in March 2002. In early 2007, Volvo Construction Equipment completed an investment in a 70% stake in Shandong Lingong Construction Machinery Co., Ltd. (Shandong Lingong), a major Chinese construction machinery company.
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