Volvo Sells SDLG Stake, Refocuses China Strategy

26 Jun 2025 CW Team

Volvo Construction Equipment (Volvo CE) will divest its entire 70 per cent holding in Shandong Lingong Construction Machinery (SDLG), transferring the shares to a fund largely owned by SDLG’s minority shareholder, Lingong Group Jinan Heavy Machinery (LGG). The disposal, valued at 8 billion SEK, is expected to complete in the second half of 2025 once regulatory clearances are secured.

Explaining the decision, Volvo CE President Melker Jernberg said the 2006 venture had given the Swedish manufacturer vital access to China’s construction-equipment market, yet intensifying competition and the march towards low-carbon technologies now demand a sharper focus. “China remains crucial for us,” he noted, “but we must concentrate on sustainable, premium solutions for chosen segments while leveraging the country’s excellent industrial base.”

Volvo CE will therefore devote its Chinese operations to producing Volvo-branded machines and services for sectors such as mining, quarrying and heavy infrastructure. Its Shanghai excavator plant, in operation since 2002 and recently expanded, will continue to serve domestic and export customers, capitalising on local supply-chain advantages.

Another pillar of the revised plan is the further strengthening of the Jinan Technology Centre, which will be integrated more deeply into Volvo CE’s global R&D network. The aim is to develop common product architectures and accelerate innovation for worldwide markets, ensuring the brand remains at the forefront of sustainable construction solutions.

Both Volvo and LGG described the separation as mutually beneficial, allowing each party to pursue independent growth strategies after nearly two decades of successful collaboration.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..