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　　Singapore, October 24 2011, -- Volvo Group is one of the world’s leading suppliers of commercial transport solutions with a rich history of over 80 years in different business areas including trucks, buses, construction equipment, marine and industrial engines and aerospace components. The Group today opened its all new multi-brand truck dealership carried out via a new S$12 million facility in Tuas.

　　“Trucks are at the core of the Volvo Group business. The company supplies complete transport solutions to customers in more than 180 countries around the globe and Asia is a very important area of the world. Going forward, we intend to expand our presence here even further and be closer to our Asian customers which already today represent more than a quarter of the Volvo Group’s global sales,” Mr. Pär Östberg, Senior Vice President of the Volvo Group said, at the launch today.

　　The 50,000 square feet truck dealership will sell and serve three of the Group’s truck brands – UD Trucks, Volvo Trucks and Renault Trucks. This allows the Group to offer a comprehensive product portfolio for all transportation needs and after-sales support through repair and maintenance services, as well as genuine parts and other extended services. The dealership will provide a new way of retailing, which focuses on customer engagement, fast turnaround and high quality services.

　　Focus on Asia

　　“In 2010, about a quarter of the global sales which amounted to SEK 265 billion (US$ 40 billion), came from Asia and thus we consider this continent as our second home, rather than an arms-length export market,” explained Mr. Joachim Rosenberg, President of Volvo Group - Asia Truck Operations.

　　He continued, “Trade is increasing amongst ASEAN countries with integrated cross-border logistics gaining importance. We already see the initial forays into cross-border transportation between Singapore up to Thailand on the road infrastructure which is part of the United Nations’ Economic and Social Commission for Asia and the Pacific (ESCAP) Asian Highway project. In the near future Singapore could be a key hub from where goods would flow increasingly from the port up to Southern China.”

　　First Japanese-made Euro 5 trucks in Singapore

　　Volvo Group, known for setting the standards in transportation and innovation, is pleased to announce the introduction of the first Japanese-made Euro 5 trucks in Singapore, under the UD Trucks brand. The all-new, medium-duty UD Trucks Condor series will have a lighter, more powerful, and more fuel efficient engine.

Volvo Group Singapore facility

　　Good response from the market

　　Customers have responded well to the new dealership with strong truck orders of more than 100 trucks in just a few months.

Volvo Group Singapore facility

　　- end –

　　About the Volvo Group

　　The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. In 2010 annual sales of the Volvo Group amounted to about SEK 265 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com.

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