Volvo invests Bhat5 billion to expand network, truck plant

Source：The Nation Release Date：2013-11-13 310

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Volvo Group has earmarked Bhat 5 billion to expand its nationwide sales and service network and Bangkok truck assembly plant.

CEO Olof Persson said recently that the Swedish truckmaker has been in this country for 40 years now and was encouraged that the company had sufficient skilled human resources and a big suppliers' network to serve its goal of using Thailand as its production hub for Asia.
He told The Nation during his first visit to Thailand that the plant would build vehicles in Asia and for Asia, especially UD trucks, Japan's heritage heavy-duty truck brand.
Volvo Group (Thailand) Co would use Bt3 billion of the budget for the nationwide network expansion and Bt2 billion for its plant on Bang Na-Trat Highway, which was now assembling UD trucks.
Thailand was chosen for the world premiere of UD trucks later this year.
The truckmaker's massive investment in Thailand shows the firm's confidence in the country.
The government's Bt2 trillion project would be positive for investors and Volvo would be one of themNike Air Penny 3