Events in the third quarter

As a part of the on-going expansion in developing markets, Volvo CE announced in September that the company will invest SEK 350 M in a new excavator plant in Kaluga, Russia. The Kaluga factory will initially manufacture five models ranging from 21 to 46 tons. Production start is planned for the first quarter of 2013.

In August Volvo CE announced the sales of its cylinder production in Hallsberg, Sweden. Cylinder production in Hallsberg is expected to stop by the end of 2012. Meanwhile, the production will gradually be transferred to Pacoma GmbH in Germany with which Volvo CE since earlier has a well-established supplier relationship.