Volvo Construction Equipment to Launch Own Backhoe Loader

    STOCKHOLM, Sweden--Dec. 12, 2001--Volvo Construction Equipment (Volvo CE) has created its own and completely new Backhoe Loader range.
    To develop and design this new machine, Volvo CE has put together a highly experienced team of product specialists coming from key markets worldwide. The finished product will be the result of a close cooperation between this team of engineers, marketing specialists and many customers from various countries and backgrounds, who played an important role in helping Volvo to define the machine's specifications.
    The Volvo Backhoe Loader will be shown for the first time at ConExpo, Las Vegas (USA), in March 2002.
    The new Backhoe Loader will be produced at Volvo Poland Industries in Wroclaw (Poland), a state of the art Volvo manufacturing facility, where Volvo has manufactured part of its range of buses since 1996.
    The yearly average world-market for Backhoe Loaders is between 50,000 to 70,000 units.

    For further information, please contact:

    Mr. Klas Magnusson
    Senior Vice President Corporate Communications
    Volvo Construction Equipment
    Tel: +32 2 482 5065
    Mobile: +32 475 576214

    Date: 12 December 2001

    Volvo Construction Equipment is a major international company developing, manufacturing and marketing equipment for construction and related industries. Its products, leaders in many world markets, include a comprehensive range of wheel loaders, hydraulic excavators, articulated haulers, motor graders and compact equipment. Volvo Construction Equipment is part of the Volvo Group, world-leading manufacturer of trucks, buses, construction equipment, marine and industrial engines, and aerospace systems and components.