Volvo Group invests in Russia

The Volvo Group will invest SEK 783 M in a new facility for the production of cabs at the plant in the Russian city of Kaluga. The facility, which is expected to become operational in 2014, will manufacture cabs for the Volvo and Renault Trucks brands with a total annual capacity of 15,000 cabs.“The investment is a natural step in efforts to further consolidate our strong position in the premium heavy trucks segment in Russia,” says Volvo’s CEO Olof Persson. The plant in Kaluga, situated about 200 kilometers south of Moscow, was inaugurated in 2009 and currently supplies Russia and