Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment as well as marine and industrial engines. The Group also provides complete solutions for financing and service. With its headquarters in Gothenburg, Sweden, the Group employs almost 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets.
All successful organizations have one thing in common – skilled and engaged people. The right talent and competence can be a scarcity if not actively managed, and it is increasingly important for the Volvo Group to attract, retain and develop the right people and to shape a culture that drives engagement and thus performance.
The Volvo Group is the world’s second largest manufacturer of heavy-duty trucks, one of the largest manufacturers of buses and construction equipment and is also a leading manufacturer of heavy-duty diesel engines as well as marine and industrial engines. Despite a loss of almost SEK 100 billion in revenues, we were able to deliver an adjusted operating income of SEK 28.6 billion with a margin of 8.4%.
In the truck sector it is primarily the Volvo Trucks and Renault Trucks brands that dominate the market. The biggest markets are France, Britain, Germany, Sweden and Russia.
We produce trucks, buses, construction equipment and engines at 20 facilities in Europe. Primarily in Sweden, Belgium and France, but we also have a large production operation in Poland, for instance.
The largest markets in this area are Australia, South Africa, Algeria, Morocco and New Zealand.
In Australia we build both our truck brands Volvo Trucks and Mack Trucks. Production takes place in the same factory in Brisbane.
In South Africa our Volvo Trucks and Renault Trucks models are assembled in a joint factory in Durban.
We have nine production plants in Asia.
In India production is located mainly in Bangalore, where we build buses, trucks and construction equipment. In addition, we build trucks in a joint venture with Eicher in the Indian city of Pithampur.
In China we build buses, engines and construction equipment in Shanghai. We also have two joint ventures in China – with truck maker Dongfeng Trucks and with SDLG, which produces construction equipment.
Volvo Construction Equipment has a production plant in Changwon, South Korea.
The biggest markets are Japan, China, South Korea, Indonesia and India.
The big brands for our trucks in North America are Volvo Trucks and Mack Trucks, while for buses it is Volvo Buses, Prevost and Nova Bus.
We have production facilities at ten sites. In the USA we build trucks, engines, construction equipment and buses. The production plants are mainly found on the east coast such as at New River Valley and Hagerstown. In Canada and Mexico we build buses.
Our largest markets in South America are Brazil following by Peru, Chile and Argentina. Volvo Trucks and Mack Trucks are the dominant truck brands.
With industrial operations in Brazil since 1977, we have two plants in the country. In Curitiba we build trucks, bus chassis, cabs, engines and transmissions. In addition, we produce construction equipment in Pederneiras.