As part of the company’s objective of supporting customers in the growing BRIC (Brazil, Russia, India & China) markets, Volvo Construction Equipment has announced a strategic investment in its existing facility in Bangalore, India.
The investment, which totals around SEK 144 M, will allow Volvo Construction Equipment to produce medium sized excavators at the plant. These machines will primarily be models for use on the Indian market.
Eberhard Wedekind, President of Volvo Construction Equipment’s Region Asia comments: “This investment will allow Volvo Construction Equipment to fulfil the needs of customers in the large Indian market much more effectively than we could do in the past. 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.