Volvo Volvo's Olney says manufacturer is benefiting from investments to expand global capacity, research and development and strategic alliances. Related Links: Volvo Ocean Race Volvo CE President Lays Out North American Expansion Instead of cutting costs during the economic downturn, Volvo’s construction equipment unit has invested heavily in its global manufacturing and distribution networks and plowed money into research and development in the past few years. The expenditures are starting to pay off, says Pat Olney, chief executive and president of Volvo Construction Equipment North America. First quarter revenues were a record for the Shippensburg, Pa.-based arm of the Swedish
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.