“The investment is a natural step in efforts to further consolidate our strong position in the premium heavy trucks segment in Russia,” says Volvo Group’s CEO Olof Persson.
The plant in Kaluga, situated about 200 kilometers south of Moscow, was inaugurated in 2009 and currently supplies Russia and surrounding countries with trucks under the Volvo and Renault Trucks brands. The total annual capacity of the facility is 15,000 trucks. In 2012, the total market for Western premium heavy trucks in Russia alone is expected to amount to 28,000 vehicles, which represents a two-fold increase compared with 2010.
“We have strong confidence in the Russian market and believe that there is immense potential for further growth in the years ahead,” says Olof Persson.
September 13, 2012
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