Volvo invests… and invests again
THE VOLVO GROUP’S COMMITMENT TO THE Australasian region has been reinforced, with the opening of its new $30million Australian headquarters in Brisbane.
Not only did the Group’s global president and CEO Martin Lundstedt y in to do the ocial opening honours for the HQ and a state-of-theart dealership….
He announced too that Volvo Group Australia, which is now Australia’s biggest automotive manufacturer, will also invest in the upgrading of its truck factory at nearby Wacol.
Lundstedt says that the truck plant refurbishment will enable the Group “to further increase production” – signalling the company’s strong outlook.
“Our increase in market share towards 27% (of the Australian heavyduty market) over the past ve years, in combination with a strong heavyduty truck market, makes it necessary to further increase our production capacity,” says Lundstedt.
“In the past ve years alone, production at our Wacol factory has increased by 40%.”
Investment in the factory will help grow the current market share “and give a boost to around 85 local component suppliers,” he says
“Volvo Group Australia has been making trucks in Queensland since 1972 and we are extremely condent in the Australian market.
“We employ more than 1500 people across the country and have produced more than 60,000 trucks from the Wacol factory.”
Lundstedt shared the ocial opening duties with Queensland Premier Annastacia Palaszczuk, who says that the Volvo factory is a signicant part of the state’s manufacturing base, employing almost 500 people.
“Volvo Group is the only truck manufacturer to be awarded ‘Australian Made’ certication, and we’re particularly proud to call them Queenslandmade.”
¢e company’s new national HQ accommodates modern oces, a large dealership (selling Volvo, Mack and UD Trucks) and contemporary workshop on a 33,000 square metre site in a new Brisbane business park.
Outgoing VGA president Peter Voorhoeve – who saw the new HQ opened just before he moved to the United States, to head Volvo Trucks in North America – says that the complex is “a beautiful building – but more than that it’s a tangible demonstration of Volvo Group’s commitment to its future operations in Australia.”
Volvo Group Australia’s spectacular new HQ is on the right, alongside the company’s new state-of-the-art Brisbane dealershipMartin Lundstedt