Companies sign framework agreement for manufacturing and engineering of skid steer and compact tracked loaders
By Kevin Doyle
JCB www.jcb.com, the world’s third largest heavy equipment manufacturer, and Volvo Construction Equipment www.volvo.comhave entered into an arrangement under which they will cooperate on the engineering and manufacturing of skid steer loader and compact tracked loader products. Distribution will be under their respective brands and through their respective global dealer networks.
It is expected the first mono boom Volvo branded machines will be in production at JCB’s Savannah, GA facility by the end of this year. Volvo Construction Equipment will then transition skid steer loader models over time from its Pederneiras facility in Brazil.
“This agreement will allow us to combine forces in this key product area enabling both brands to compete more effectively,” said JCB’s Deputy Chairman John Patterson.
“Volvo customers will benefit from a wider range of models that maintain the high level of product safety and functionality that they expect,” said Olof Persson, Volvo Construction Equipment President.
Joseph Cyril Bamford founded JCB in 1945 with the goal of producing the most innovative machines on the market while remaining true to the customer’s needs. Sixty-five years later, the company maintains a global presence in more than 100 countries.
Volvo Construction Equipment is part of the Volvo Group and a major international company developing, manufacturing and marketing equipment for construction and related industries.
Edited by Gabe Perna
Source: Business Wire www.businesswire.com
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