Volvo Construction Equipment Announces Appointment of Six New Dealers in China


GOTEBORG, Sweden, Jan. 12, 2004 (PRIMEZONE) -- Volvo Construction Equipment announces appointment of six new dealers in China. This brings to nineteen the total number of dealer partners for Volvo Construction Equipment in China.

The six new dealers are:


 -- Xi'an Yuyuan Heavy Machinery Co., Ltd.

 -- Jinan Tianye Construction Machinery Co., Ltd.

 -- Wuhu Huali Construction Machinery Co., Ltd.

 -- Xuzhou Beili Construction Machinery Co., Ltd.

 -- Jiangsu Hongbo Construction Machinery Co., Ltd.

 -- Hebei Huanda Construction Machinery Co., Ltd.

"We are delighted to announce these additional six partners at the start of the New Year. These companies are experienced in the sales and marketing of construction equipment in their respective territories and their level of service reflects Volvo's standard for customer care. This is a vital step in the continuing development of our presence in this important market," said Keith Ellis, President of Volvo Construction Equipment Asia Markets.

Each of the dealers will sell and service Volvo's complete range of construction equipment including wheel loaders, articulated haulers, excavators, motor graders and compact equipment in their respective territories.

The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 71,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London and Frankfurt and on NASDAQ in the US.

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/01/12/20040112BIT20600/wkr0001.pdf

http://www.waymaker.net/bitonline/2004/01/12/20040112BIT20600/wkr0003.doc



            

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