This is an important weather vane.

On April 29, 2020, VOLVO Construction Equipment and the Shanghai Pudong New District People's Government held a signing ceremony at the Pudong New District Office Center. Volvo Construction Equipment's Asian headquarters will be located in Shanghai Pudong, forming a dual headquarters in Asia and China. This move will further strengthen the layout of Volvo Construction Equipment in Asia and drive innovation and talent development in Shanghai driven by innovation.

Wang Hua, deputy head of the People's Government of Pudong New Area, and Tomas Kuta (Guo Tengze), VOLVO Construction Equipment Global Senior Vice President, signed a strategic cooperation memorandum. Member of the Standing Committee of the Shanghai Municipal Party Committee, Secretary of the Pudong New Area District Committee Weng Zulian, Deputy Secretary-General of the Shanghai Municipal Government, Deputy Secretary of the Pudong New Area District Committee, Mayor Hang Yingwei, Deputy Director of the Shanghai Municipal Commission of Commerce Zhou Lan, Deputy Director of Shanghai Customs Zou Xingwei, Shanghai Headquarters The leaders of the cross-border RMB business department Shi Liya, Pudong Customs Director Xie Guozhu and other leaders attended and witnessed the signing ceremony.

Representatives of Pudong New District District Committee and District Government held talks with representatives of VOLVO Construction Equipment Corporation

As the world's leading construction equipment manufacturer, VOLVO Construction Equipment has been deeply cultivated in the field of construction machinery for 188 years. In 2002, it set up its Chinese headquarters in Shanghai Pudong. With its deep insight and advanced experience in the local market, it deeply participated in the development of Shanghai. In the process. On the 30th anniversary of the development and opening up of Pudong in Shanghai, the signing of the memorandum of cooperation symbolizes that both parties will further deepen the cooperation between government and enterprises and start a win-win development. In the future, VOLVO Construction Equipment will take advantage of the superior location advantages of dual headquarters, and use this as the center to radiate the whole of Asia, actively attracting high-end manufacturing upstream and downstream, cross-border remanufacturing and related industry projects to further settle in Shanghai, creating "five centers" for Shanghai "Contribute to the core functional area.

Tomas Kuta (Guo Tengze), Global Senior Vice President of VOLVO Construction Equipment, said at the signing ceremony: "We have always placed the Chinese market as an important strategic position for business development. Shanghai focuses on cutting-edge technology and advocates a balanced development concept. The continuous corporate philosophy coincides. Based on the common development goals, we firmly believe that Volvo Construction Equipment will rely on a new dual headquarters structure to serve the local infrastructure more comprehensively and promote high-quality development of the industry. In the future, we also look forward to working with the Pudong New Area Government Work together to achieve more dimensions and a higher level of cooperation. "

Since its establishment in Shanghai, VOLVO has been steadily following the tide of China's economic development and actively participating in China's modernization drive. From the first China Remanufacturing Center to the first financial leasing company after the establishment of the expansion of the free trade zone, to the completion of the first domestic offshore trading solution in the Shanghai Pilot Free Trade Zone in 2019 ... after 18 years At present, VOLVO Construction Equipment has two major production bases in Shanghai and Linyi, as well as the Jinan R & D center in China. With more than 40 diversified product portfolios, it provides innovative and high-quality products to customers all over the country and overseas. And through the after-sales network covering the whole country, to help customers succeed with customized overall solutions.

Every milestone created by VOLVO Construction Equipment in China is inseparable from the government's policy guidance and support. At present, Shanghai not only provides an open, inclusive and convenient business environment for enterprises, but the introduction of relevant policies and regulations has also given VOLVO Construction Equipment the confidence to continue to take root in Shanghai and integrate into regional development. Adhering to the principle of "exerting advantages, promoting each other, long-term cooperation, and mutual benefit", VOLVO Construction Equipment will continue to exert its technological and resource advantages, and cooperate with the Pudong New Area Government to provide surging innovation power for Shanghai's economic and social development. Editor / Zhao Jing