GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
On June 12, the Volvo Group (STO:VOLVA) (STO:VOLVB) opened its new base of operations in Peru. With a total area of 56,500 square meters, the facilities will serve as a hub for commercial and after-market activities supporting Volvo, Mack and UD vehicles, Volvo Buses, and Volvo Penta marine and industrial engines. US$ 17 million is being invested in the new facilities.
“We have a very strong presence in Peru, a strong image and a high level of customer satisfaction,” said Roger Alm, president of Latin American sales for Volvo Group Trucks Sales and Marketing Americas. “We are market leaders in heavy duty trucks and the new investment will help us support the expansion of our business in the country.” The Volvo truck fleet in Peru is around 17,500 trucks.
The Peruvian facility is the first multi-brand operation of the Volvo Group in South America, given that it will support Volvo, Mack and UD vehicles. In terms of the Volvo truck brand, Peru is the second largest market in the continent.
Last year alone, 2,040 Volvo branded trucks were sold in Peru, a historical record since Volvo entered the market 50 years ago. “Our trucks are ideal to address the requirements of Peruvian carriers in the mining and long distance freight segments,” said Rolf Smedberg, Managing Director of Volvo Peru.
The new Volvo Group Peru facilities are located in the popular district of Lurín, which will make them an attractive location for both employees and other stakeholders. The new venue will also feature a training center for service technicians and drivers/operators, equipped with the leading edge in Volvo, Mack, UD and Volvo Penta equipment and training infrastructure.
June 18, 2012
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The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone
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