Volvo CE to sell SDLG to Lingong Group
Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG). Going forward Volvo CE will be targeting focused customer segments in China and enhance its utilisation of the Chinese supplier ecosystem. In 2006, Volvo CE acquired a majority stake in SDLG, with LGG as a minority shareholder. The strategic investment gave Volvo CE access to the important domestic Chinese construction equipment market. Continue reading Volvo CE to sell SDLG to Lingong Group at Industrial Vehicle Technology International.
machineryasia 
Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG).
Going forward Volvo CE will be targeting focused customer segments in China and enhance its utilisation of the Chinese supplier ecosystem.
In 2006, Volvo CE acquired a majority stake in SDLG, with LGG as a minority shareholder. The strategic investment gave Volvo CE access to the important domestic Chinese construction equipment market.
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