Volvo Trucks to Build Russian Plant

The Swedish company Volvo has recently showed its interest in putting up a plant in the region of Kaluga in Russia. A group of representatives from the company known for safe cars and trucks has recently visited the region which is said to be a precursor to building an assembly plant in the country. The company announced that the delegation was sent to the region to study the local business atmosphere. The company is planning to build trucks at the proposed assembly facility in the area south-west of capital Moscow. This plant will surely increase the presence of the second largest truck and bus manufacturer in the growing Russian truck market.

About 20 representatives from car parts manufacturers in Sweden visited the said area and they were accompanied by Volvo Vostok Director General Lars Corneliusson. The visit is the first that the executives have made to the area after Volvo announced that they will be building an assembly plant in the said area. After studying the local business practices in the area, Volvo is expected to sign an agreement with the Kaluga government before starting the construction of the new assembly plant.

Following the visit, Nikolai Lyubimov, Kaluga’s minister for economic development, said that the delegation sent by Volvo was pleased with the state that the local businesses are in. He pointed out that Corneliusson is satisfied by the conditions set by the region. In fact, it was hinted that Volvo has more plans for the region except the truck assembly facility. It was reported that Volvo might build a parts manufacturing center in the region which might produce

Autor: mbs5000

Glady Reign is a 32 year old is a consultant for an automotive firm based in Detroit, Mi. she is a native of the motor city and grew up around cars hence her expertise in the automotive field.

Added: May 29, 2007
Source: http://contentdesk.com/view.php

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