Volvo construction gear unit sees fast China growth

Newswire

SHANGHAI, Oct 31 (Reuters) - Volvo's construction equipment arm expects its sales in China to grow roughly 15 percent annually over the next three years, up from around 10 percent growth in 2006, an executive said on Wednesday. In the next three years, the construction equipment unit of the Swedish trucks and engineering group will boost the capacity of its 70 percent-owned unit, Shandong Lingong Construction Machinery Co, by 10-20 percent, the executive said. Lingong currently is ...

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