Consolidation of the Volvo Group industrial operation in Japan
GÖTEBORG, Sweden -- January 11, 2013
The Volvo Group has decided to consolidate its industrial operation in Japan
in order to improve the overall efficiency. In May 2013 the Ota
remanufacturing plant will be closed and the operation moved to Ageo, the main
plant in Japan. The project also includes cleaning of the land, demolishing of
old and outdated buildings as well as moving or phasing out equipment for old
products. In total, costs corresponding to SEK 280 M related to these
activities will be recorded in the fourth quarter of 2012, affecting the truck
January 11, 2013
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The Volvo Group is one of the world’s leading manufacturers of trucks, buses
and construction equipment, and drive systems for marine and industrial
applications. 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 its 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
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