Volvo Building Apparatus is making plans to amplify its crawler excavator footprint around the globe, making an investment 2,500 MSEK (about £200m) at factories in South Korea, Sweden and North The usa.
The largest funding shall be on the Changwon manufacturing unit in South Korea “to safe international volumes and features in Asia”, Volvo mentioned.
For the manufacturing of crawler excavators in Europe, Sweden has been decided on, and the general resolution in regards to the location, scope, and timing shall be made later in 2025.
Moreover, an excavator meeting line shall be put in in Volvo’s present manufacturing unit in Shippensburg, USA to serve the North American marketplace. This strategic method goals to beef up Volvo CE’s presence and operational potency throughout key areas and markets.
“We perceive the want to reply to rising call for and are excited to amplify our amenities to serve consumers higher,” mentioned Melker Jernberg, head of Volvo CE. “This funding underscores our dedication to high quality, innovation and competence, permitting us to ship even higher price. This growth demonstrates our efforts to reply to buyer call for through making an investment in our crawler excavator trade nearer to key markets and consumers.”
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