As part of the company’s objective of supporting customers in the growing Brazil, Russia, India & China markets, Volvo Construction Equipment last week announced a strategic investment in its existing facility in Bangalore, India.
The investment, which totals around SEK 144 million (about U.S. $19.0 million), will allow Volvo CE to produce medium-sized excavators at the plant. These machines will primarily be models for use on the Indian market.
“This investment will allow Volvo Construction Equipment to fulfill the needs of customers in the large Indian market much more effectively than we could do in the past,” said Eberhard Wedekind, president of Volvo Construction Equipment’s Asia region. “It is a strong sign of our commitment to the growing Indian market.”
Production of the first machines is expected to start by the end of 2011.
Volvo CE is an international company developing, manufacturing and marketing equipment for construction and related industries. Its products include a comprehensive range of wheel loaders, hydraulic excavators, articulated haulers, motor graders and compact equipment.