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Volvo breaks ground on new Russian excavator factory

Volvo Construction Equipment announced at Intermat in Paris that it will break ground at the site of it’s new Russian factory today.

The plant at Kaluga will begin production of the company’s excavator  range in 2013 to help meet demand from the Russian Market. Speaking at a press conference Volvo president and CEO Pat Olney said that the company plans to double its dealer network in Russia By 2015 to 90 locations.

Olney said that the Russian market is showing good prospects and reported that Volvo had seen a growth in demand in almost every global market, although recovery in Europe is more modest than other markets.

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