Volvo Trucks to be assembled in Thailand
VOLVO TRUCKS TO BE ASSEMBLED IN THAILAND Volvo Trucks has started assembly of heavy trucks in Bangkok, Thailand. Production this year is expected to amount to 150 Volvo FM trucks, increasing to 350 vehicles next year. The investment in the factory amounts to USD 1 million. Volvo Trucks is the first foreign manufacturer of heavy trucks to establish assembly facilities in Thailand. The capacity of the factory at full operation will amount to 500 trucks per year in single shift operation. The plant is expected to employ around 30 people. The investment will encompass a new production line, tooling, rigs, etc. The components used at the plant will increasingly be supplied by local sub- contractors as the vehicle component industry develops in the country. - Thailand's increasingly strong economy and Volvo Trucks' concentration on strengthening its presence in Asia represent excellent conditions for starting production in Thailand at this time, said Roar Isaksen, head of Volvo Trucks' International Division. - The transition to advanced technologies and systems within the transport industry provides good preconditions at Volvo Trucks to introduce Volvo products to customers in Thailand, Isaksen continued. In order to be able to support its customers further, Volvo Truck and Bus (Thailand) Co. Ltd. plans to bring together all its activities at a new head office just outside Bangkok. The facility will also function as Volvo Trucks' main dealership in Thailand and in addition to sales will provide servicing, parts support and financing. Volvo Trucks will also be increasing the number of service centres around the country by six from the current eleven. May 31, 2000 For more information, please contact Lennart Sunestedt, telephone: +46-31 66 66 34 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/31/20000531BIT00480/bit0001.doc http://www.bit.se/bitonline/2000/05/31/20000531BIT00480/bit0002.pdf