Volvo CE exits SDLG joint venture in major China strategy reset
24 June 2025
Volvo Construction Equipment (Volvo CE) has announced that it 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).
Volvo CE acquired a majority stake in SDLG in 2006, with LGG as a minority shareholder, which gave the Sweden-based OEM access to the domestic Chinese construction equipment market, one of the world’s largest markets.
In a press release Volvo CE, one of the world’s top ten construction OEMs…
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