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Swedish commercial vehicle major AB Volvo (VOLVY.PK) announced Thursday that Volvo Construction Equipment or Volvo CE has reached an agreement to sell its global ABG paver business to Ammann Group.
Volvo CE is leading the charge towards more sustainable operations in mining, material handling, steel, cement, and urban infrastructure sectors. With the first-of-its-kind commercial launch of EC500 Electric, India’s first grid-connected electric excavator in the 50-ton class, Volvo CE pioneers a transition to zero-emission mining and construction machinery, the company said.
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