Volvo 2014 Annual Report Download - page 83

Volvo Penta adds signifi cant volumes for the Volvo
Group’s total production of diesel engines. Approx-
imately 10% of total production in the Group’s
European diesel engine plants and more than half
of the Group’s global volumes of 16-liter engines
are delivered to Volvo Penta’s customers.
Industrial
The Industrial business segment, accounting for about half of
sales, is the part of Volvo Penta’s operation that generates the
largest strategic engine volumes for the Volvo Group. With unique
performance, installation benefi ts and environmental features,
Volvo Penta’s engines strengthen the competitiveness of a grow-
ing number of global customers. By leveraging the strength of the
Volvo Group’s service networks, Volvo Penta is able to offer
effi cient support in the form of global service and aftermarket
services.
Throughout 2014 Volvo Penta has been releasing a complete
line of 5, 8, 11, 13 and 16 liter off-road engines compliant with
several stages of emission legislation, including the most stringent
Tier 4 Final. A major advantage of Volvo Penta’s off-road engine
range to OEMs is that all engines share the same technical solu-
tion – making designing global product ranges much easier for
OEMs. The new range has been received well in the market; the
Tier4F solution is considered world-class and has attracted many
new customers during 2014.
Marine Leisure
To the greater public, Volvo Penta is best known for its leading
marine drive systems – for both leisure and commercial boats. For
decades, products such as the Aquamatic sterndrive, Duoprop
and IPS have given Volvo Penta a global reputation as an innova-
tive engine supplier to most of the strongest brands in the leisure
boat industry.
In 2015 Volvo Penta IPS (Inboard Performance System) will
celebrate its ten-year anniversary in the market. It has helped to
progressively strengthen Volvo Penta’s leading positions in Marine
Leisure. In recent years Volvo Penta IPS has also taken the steps
needed to power larger vessels in triple and quad installations, a
solution which is appreciated among builders of both commercial
and leisure craft.
As electronics make inroads into the marine industry, Volvo
Penta is developing integrated features beyond the engine and
propulsion components. Under an Easy Boating concept, Volvo
Penta is working toward “helm-to-prop” solutions with a strong
focus on comfort and user-friendliness.
Marine Commercial
In the Marine Commercial segment, Volvo Penta supplies engines
and drive systems to be used under the harshest of conditions.
The engines can be used for a wide variety of applications but the
focus is on high speed transportation of people and goods. Exam-
ples of applications include pilots, sea-rescue, ferries, coast
guard and off-shore wind farm supply vessels. In the Marine Com-
mercial segment, Volvo Penta leverages on its IPS concept that
provides unique environmental and maneuverability features as
well as signifi cantly reduced fuel consumption.
Some signifi cant orders were received during 2014 which con-
fi rmed the attractiveness of the concept to professional users.
The Marine Commercial business is project based and Volvo
The Volvo Group’s high-technology diesel engines
create a unique competitive edge for its trucks,
construction equipment and buses. Volvo Penta is
incharge of sales of the Group’s engines to external
customers, including boat builders and manufacturers
of industrial products, such as container handling
and mining equipment.
CONTINUED
GOOD
PROFITABILITY
VOLVO PENTA
Facts Volvo Penta provides engines and power systems for
leisure and commercial boats, as well as for industrial
applications such as power generation and container trucks.
Position on world market Volvo Penta is the world’s largest
producer of diesel engines for leisure boats and a leading,
independent producer of industrial engines.
Brands Volvo Penta
Number of regular employees 1,422 (1,412)
Share of Group net sales, %
3 (3)
BOARD OF DIRECTORS’ REPORT 2014
GROUP PERFORMANCE
79