Volvo 2011 Annual Report Download - page 18

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A GLOBAL GROUP 2011
Russia back on the growth track
During 2011, the total market for trucks over 12 tons was
approximately 106,200 vehicles in Russia, considerably
more than the 61,500 that were sold during 2010 and a
vast increase compared to the bottom in 2009 when the
total market amounted to 37,100 trucks.
Volvo is the biggest imported brand in Russia with a
total population of more than 55,000 heavy-duty trucks
in the country. A population that has been built-up during
a long period of time. The population of Renault trucks is
approximately 20,000 heavy-duty trucks. During 2011,
Volvo delivered 5,300 trucks (2,800) and Renault trucks
delivered 1,300 trucks (800) in Russia.
In January 2009, the Group opened a factory for the
assembly of trucks in Kaluga, approximately 200 kilo-
meters south of the capital Moscow. A long-term con-
fidence in the Russian market’s growth prospects and to
come inside the duties and fees that apply to imported
trucks were important reasons for the establishment.
There are a number of other foreign truck and auto makers
established in Kaluga. At maximum capacity, the plant in
Kaluga can assemble 10,000 Volvo and 5,000 Renault
trucks annually. In 2011, 3,800 Volvo and 1,400 Renault
trucks were manufactured in the plant.
Volvo Construction Equipment invests in Russia
Volvo Construction Equipment will invest SEK 350 M to
build a 20,660 m2 excavator plant in Kaluga, Russia,
highlighting the company’s continued commitment to the
Russian market.
The new factory is part of the on-going expansion in
developing markets. The plant will be built on the 15 hec-
tares of land that Volvo acquired in 2007. The Kaluga plant
will initially manufacture five models of Volvo excavators
FOCUS
RUSSIA
After a considerable drop in connection with the financial crisis, the
Russian market has recovered.
A GLOBAL GROUP 2011
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