Truck and bus manufacturer Volvo is forming a new business unit, Volvo Mining, to strengthen its position in the global mining industry. This is according to a press release.

The unit will bring together the group's offering in trucks, construction equipment and autonomous solutions for mining customers and contractors. Operations will begin on January 1, 2027, and the unit will be organizationally placed within Volvo Construction Equipment. Initially, the focus will be on Sweden, Norway and Finland, with the ambition of gradually expanding into more markets.

"The mining industry has been an important part of the Volvo Group for decades, but the industry's growing significance requires an even greater focus. With Volvo Mining as our center of expertise, we are bringing together expertise from across the group to further increase customer value together with our dealers. This creates new opportunities to strengthen our position in a strategically important and growing segment," says Melker Jernberg, CEO of Volvo CE.

Per-Erik Lindström, currently a senior executive within Volvo Trucks International, has been appointed head of the new unit.

"As the mining industry evolves, customers are looking for partners that can help them improve productivity, enhance safety and meet increased sustainability requirements. Our goal is to be a long-term partner in that transformation and help customers create greater value through the Volvo Group's combined strengths," says Lindström.