Volvo is investing nearly $70 million into state-of-the-art equipment and upgrades for its assembly plant in Dublin.
The $69 million project includes state-of-the-art and energy-efficient upgrades to the paint facility at the New River Valley truck assembly plant. New storage systems, docks, and lifting devices will help improve delivery, the company says.
“This investment will spur significant improvements in material handling and parts flow that will allow us to increase throughput and reduce tied-up capital,” said Volvo vice president and general manager Lars Blomberg wrote in a news release. “In addition to helping us further improve product quality, the redesign and additional equipment will also provide our employees with an even safer and more ergonomic working environment.”
Here is the news release from Volvo:
A $69 million investment in state-of-the art equipment, processes and plant redesign will further improve manufacturing efficiency and vehicle quality at Volvo’s New River Valley (NRV) truck assembly plant in Dublin, Virginia.
“This investment will spur significant improvements in material handling and parts flow that will allow us to increase throughput and reduce tied-up capital,” said Vice President and General Manager Lars Blomberg. “In addition to helping us further improve product quality, the redesign and additional equipment will also provide our employees with an even safer and more ergonomic working environment.”
The enhancements will include state-of-the art, energy-efficient upgrades to the paint facility that will increase North American paint capacity and deliver superior quality. New racking and storage systems, docks, and lifting devices, together with the redesign of a variety of work areas, will allow improved material delivery.
“The NRV plant and the passion of its employees are a competitive advantage for Volvo Trucks,” said Göran Nyberg, president, Volvo Trucks North American Sales & Marketing. “This investment gives them the tools to continue optimizing delivery precision and quality for our customers.”
Volvo Trucks North America’s operations and products are guided by the company’s three core values: Quality, Safety and Environmental Care. The Volvo VNM, VNL, VNX, VHD and VAH trucks are assembled in the United States at the New River Valley Plant in Dublin, Virginia, while Volvo engines for North America are assembled in Hagerstown, Maryland. The New River Valley Plant is certified to ISO50001 energy standards. Both plants are certified to ISO14001 environmental and ISO9001 quality standards.
The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2013, the Volvo Group’s sales amounted to $41.5 billion. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm and are traded OTC in the U.S. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.