Volvo US plant to be twice as big as previously announced
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Volvo Cars is doubling investment in its first U.S. plant to add a second production line at a total cost of US$ 1 billion, revealed in recent days the Post and Courier newspaper, a media outlet based in Charleston, South Carolina, where the facility is currently under construction.
The move to raise capacity even before completion of the plant will ultimately add 2,500 workers to the 2,000 already being recruited by the Swedish carmaker ahead of its 2018 opening, a source told Canadian news agency Reuters.
This change of plans will definitely bring benefits to Mexico’s manufacturing sector. Volvo’s marketing officials revealed in recent days that the company’s new plant, scheduled to start production by the third quarter of 2018 in South Carolina, will rely on deliveries from at least 29 suppliers operating south of border.
“We are about to open a new plant in Charleston, South Carolina, the interesting thing about it is that, despite being a plant located in the United States, 29 of the main suppliers for the plant are located in our country,” said Alonso Lopez Aldana, director of Marketing for Volvo Mexico.
According to Lopez Aldana, most suppliers are located in El Bajio and Northern regions of Mexico, but no further details were offered.