(Bloomberg) -- Volvo AB, the world's third-largest
construction-equipment maker, aims to make further acquisitions
in China as road-building and real-estate projects boost sales
of wheel loaders, excavators and trucks.
``Acquisitions are natural and the most effective way to
expand,'' Lansi Jiang, vice president of Volvo (China)
Investment Co., said in an interview in Shanghai yesterday.
Volvo bought a 70 percent stake in Shandong Lingong Construction
Machinery Co. for 327.5 million yuan ($43 million) in January.
Read more at Bloomberg Emerging Markets News
construction-equipment maker, aims to make further acquisitions
in China as road-building and real-estate projects boost sales
of wheel loaders, excavators and trucks.
``Acquisitions are natural and the most effective way to
expand,'' Lansi Jiang, vice president of Volvo (China)
Investment Co., said in an interview in Shanghai yesterday.
Volvo bought a 70 percent stake in Shandong Lingong Construction
Machinery Co. for 327.5 million yuan ($43 million) in January.
Read more at Bloomberg Emerging Markets News
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