After announcing last April that it would install a plant in Mexico, Volvo Group defined its headquarters, and through a statement shared by the firm, it is stated that the manufacturing headquarters in Mexico will be in Monterrey , which will serve as supporting the growth of the Volvo Trucks and Mack Trucks brands .
However, through a message today, the governor of Nuevo León, Samuel García, specifies that Ciénega de Flores will be the headquarters of the manufacturing plant that considers an approximate investment of 700 million dollars (mdd), and is part of a strategic move for Volvo Trucks , which seeks to regain ground in a market it abandoned almost four years ago after its abrupt departure in December 2020.
In that sense, the company explained through a press release that Nuevo León provides a mature supply and production ecosystem , which will complement and strengthen the resilience and flexibility of Volvo’s industrial footprint in North America.
Likewise, the decision to establish this plant in Monterrey is not fortuitous. The city offers significant logistics efficiencies that will support sales in both the southwest and western regions of the United States as well as Mexico and Latin America.
The plant installed in Nuevo León would have an approximate size of 1.7 million square feet and will be equipped for the complete assembly of conventional vehicles, including the production and painting of cabins. “This would be the company’s largest investment, which proposes building a plant to manufacture tractor-trailers,” declared Samuel García.
The project adds to the recent acquisition of a Commercial Vehicle Group (CVG) production plant in North Carolina for approximately $40 million, with which Volvo seeks to strengthen its production capacity in North America.
Despite the skepticism of some Mexican transporters, who in recent months expressed to T21 that they still remember the negative impact of the departure of Volvo Trucks in 2020, the return of the brand through this new plant could mean a resurgence in the market, especially in the export segment to the United States.
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