Volvo Trucks to acquire JMC Heavy Duty Vehicle
The truck manufacturer Volvo Trucks has agreed to acquire JMC Heavy Duty Vehicle Co., Ltd., for an amount of RMB 0.8 billion (SEK 1.1 billion). Which is a subsidiary of Jiangling Motors Co., Ltd., It also includes a manufacturing site in Taiyuan, Shanxi province, China.
The President of Volvo Trucks, Roger Alm, said:
“We are committed to shaping the future of sustainable transport solutions. With our long-standing
presence in China, we are growing our sales, and we are expanding our strong network of sales
and service points together with our private dealer partners.
“Over the last couple of years, we have seen a fast development of the logistics markets and an
increasing demand for our premium trucks and services. To meet the demand from Chinese
transport operators, the time is right for us to establish a regional value chain with our own heavy-
duty truck manufacturing in China.”
The operations in Taiyuan will include stamping, welding, manufacturing of cabs, painting and the final assembly of Volvo trucks. After investment, within a few years, the plant will have the capacity to produce 15,000 Volvo trucks per year with the potential to increase the capacity further.