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

  • CNH new CEO Mario Gasparri says firm keen to continue its growth curve
    April 17, 2012
    New CNH Construction president Mario Gasparri says the firm is keen to build on its “strong, sustainable growth opportunities in every major region”. Speaking to the Daily News Gasparri, a Fiat veteran who took on his prestigious new role last month, said, “In 2011, we saw the highest growth in North America, where demand increased by 38%. The European, African, Middle Eastern and CIS markets were not far behind with a 35% increase. In Latin America, the strong demand from projects in the private and public
    Read More
  • Hitachi completes Dutch manufacturing sites’ restructure
    September 26, 2013
    Hitachi Construction Machinery (Europe) (HCME) has completed the €10 million restructure of its manufacturing sites at Oosterhout in the south of The Netherlands. The Application Centre (AC) and Zaxis mini excavator factories have merged into one operation, which, according to HCME, will have far-reaching benefits for the firm. “At first glance, there is no similarity between Hitachi mini excavators and special application machines,” said Tonny Engels, general manager at the Oosterhout factory. “Howev
    Read More
  • Berco targets growth based on rich Italian manufacturing heritage
    October 1, 2014
    Berco, the Italian heavy equipment machinery undercarriage parts manufacturer, is targeting strong growth after hitting back at what the firm describes as market competitor rumours of its decline and the relocation of much of its manufacturing capability to China. Speaking during a construction equipment trade media and customer tour of Berco headquarters in Copparo, near Ferrara, in northern Italy, Matteo Seghieri, the company’s Global Aftermarket Sales Manager, said, “Berco went through a very importan
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More

Highlighted Content