Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleVolvo CE will invest $260 million to expand crawler excavator production in Asia, Europe, and the U.S., reducing export reliance.
HELSINKI (Reuters) -Truckmaker Volvo's Construction Equipment unit will expand its crawler excavator production in Asia, Europe and the United States to reduce dependence on long-distance exports, the Swedish company said on Monday.
Volvo CE will invest some 2.5 billion Swedish crowns ($260 million) in South Korea, Sweden and North America to facilitate the expansion, including the establishment of a U.S. excavator assembly line.
"This approach mitigates supply chain risks through localized production, reducing reliance on long-distance logistics, and managing economic and regulatory challenges," the company said in a statement.
($1 = 9.6085 Swedish crowns)
(Reporting by Essi Lehto, editing by Terje Solsvik)
Volvo CE will invest approximately 2.5 billion Swedish crowns, which is about $260 million, to facilitate the expansion.
The expansion aims to reduce dependence on long-distance exports and mitigate supply chain risks through localized production.
The new excavator assembly line will be established in the United States as part of Volvo's expansion efforts.
Localized production helps manage economic and regulatory challenges while reducing reliance on long-distance logistics.
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