Volvo Announces Record Results for 2004

Volvo Construction Equipment reports 25 percent increase in sales and volume in fourth quarter of 2004.

 

Volvo Construction Equipment, Asheville, N.C., has announced that it ended 2004 at an all-time high with its sales increasing 25 percent over the previous year.

 

Volvo CE sales in North America were up over 50 percent in 2004, according to a release from the company.

 

According to Volvo CE’s fourth quarter report, the total world market for construction equipment within Volvo CE’s product range increased by 17 percent from the same period in 2003. The North American market increased by 27 percent, while the market in Western Europe increased by 13 percent, and Asia increased by 2 percent.

 

Volvo CE expects markets for its equipment to grow by 5 to 10 percent in North America and 5 percent in Europe in 2005, according to the company’s year-end report.
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