Volvo to launch mining division to meet global equipment demand
The new unit will supply equipment and autonomous technology to the industry, starting in 2027.
The Volvo Group is set to launch a new mining division, Volvo Mining, to meet the growing global demand for mining equipment and solutions. The unit is slated to commence operations on January 1, 2027, under the auspices of Volvo Construction Equipment (Volvo CE). Volvo CE President Melker Jernberg stated that the new division aims to enhance customer value through collaboration with retail partners, thereby strengthening Volvo's position in a strategically important and expanding segment.
Per-Erik Lindstrom, Senior Vice President of Volvo Trucks International, will lead Volvo Mining. The division will initially concentrate on supplying technologies to mining companies and contractors in Sweden, Norway, and Finland, with plans for phased expansion in the future. Volvo Mining will initially focus on supplying trucks, construction equipment, and autonomous solutions to the mining industry.
Autonomous technology will be a key component of Volvo Mining's offerings, as the mining sector seeks to enhance safety, productivity, and efficiency in the face of increasingly complex operations. Volvo Autonomous Solutions President Nils Jaeger added that the new division will leverage Volvo Group's broader expertise, portfolio, and customer relationships to provide integrated solutions that deliver measurable value for mining customers. The goal is to coordinate research projects and manage product and service portfolios globally.
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