Volvo CE’s Russian Revolution

Volvo Construction Equipment has started its own Russian revolution by beginning work on its US$52million excavator factory in Kaluga. High profile dignitaries, including Kaluga Region governor Anatoly Artamonov and president of Volvo CE Pat Olney, attended a special ceremony on April 18 to mark the start of the groudbreaking project.
April 19, 2012 Read time: 2 mins
RSSVolvo Construction Equipment has started its own Russian revolution by beginning work on its US$52million excavator factory in Kaluga.

High profile dignitaries, including Kaluga Region governor Anatoly Artamonov and president of 359 Volvo CE Pat Olney, attended a special ceremony on April 18 to mark the start of the groudbreaking project.

The 15 hectare site, around 150km south-west of Moscow, is said by Volvo CE to underscore the company’s commitment to the Russian market. It will be Volvo’s seventh excavator manufacturing facility, out of a total of 16 plants globally. When completed, the final manufacturing area will be 20,660m2. Six models of excavators are planned to be made at the plant, ranging from the 20-tonne EC200 to the 48-tonne EC480. The first machines are due off the assembly lines next year – creating 280 new jobs in the process.

A leading player in the Russian market, Volvo CE plans to double sales in the country by 2015. As part of this aim, Volvo CE’s new Russian dealer 5066 Ferronordic Machines plans to increase its branches from 55 to 100 locations by 2015.

For more information on companies in this article

Related Content

  • Building an airport for St Helena
    August 29, 2013
    The remote South Atlantic island of Saint Helena will shortly benefit from the construction of a new airport as well as access roads and supporting infrastructure. This is the biggest construction project in the history of the island, which lies nearly 2,000km off the coast of Africa. The airport is expected to boost economic development for the island’s 4,000 residents with an estimated 20,000 people a year forecasted to visit this highly remote, 122km2 equatorial volcanic outcrop. At present the islan
    Read More
  • Volvo CE sees sales dip for Q2
    July 18, 2024
    Volvo CE has experienced a sales dip for Q2.
    Read More
  • Volvo lines up its SDLG brand for greater global export sales
    June 8, 2015
    No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October. Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G
    Read More
  • Terex Trucks have big future ambitions after Volvo CE investment
    January 6, 2017
    Terex Trucks is set to benefit significantly from new thinking and investment in its production processes, dealership networks, and customer support capability. The Motherwell, Scotland-headquartered articulated and rigid truck manufacturer has been “refreshed” by its €123.5 million acquisition last year by Volvo Construction Equipment (Volvo CE), according to new Terex Trucks global sales and marketing director Sam Wyant. Wyant said: “We’ve had audits by the Volvo Group on our factories to see what we ca
    Read More

Highlighted Content