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Volvo investing in Russia

From itsinternational| April 23,2007

The Volvo Group  is investing over US$130 million in an assembly facility for trucks in Russia. The investment is being made to meet increasing demand on the fast-growing markets in Russia and the former countries in the Soviet Union. The new facility will have a capacity of 10,000 Volvo trucks and 5,000 Renault trucks per year.

The facility will be located in the city of Kaluga, approximately 200kms southwest of Moscow. A final agreement with the authorities in Kaluga is expected to be signed in the near future and the new facility is scheduled to be completed in 2009.

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