VOLVO LAUNCHES NEW HEADQUARTERS IN BRISBANE

Written on the 22 March 2016

VOLVO LAUNCHES NEW HEADQUARTERS IN BRISBANE

SWEDISH automotive giant Volvo has raced into Brisbane, with the launch of a $30 million headquarters and dealership in Wacol.

Volvo Group Australia will set up shop at Metroplex Westgate business park, near its assembly plant which registered more than 2000 Volvo and Mack trucks last year.

Volvo Group president and CEO Martin Lundstedt says the company has been building trucks in Brisbane for more than 40 years, making it the perfect base for the Australian division.

"Wacol is the largest truck assembly plant in Australia and its dedicated workforce has enabled Volvo Group Australia to become the largest truck-builder in the country," Lundstedt says.

"I appreciate that manufacturing in Australia has been in decline for a number of years, as it has in many other countries, but the outlook for our business is strong.

"We've invested more than $27 million in Volvo Group assembly plant in recent years. That's a sign of our great confidence in the Australian business."

As well as the new national headquarters, the project will include a new VCV Brisbane South dealership and paint and panel workshop.

Around 320 people will relocate from other Volvo sites in the area to the new development. More than 550 employees will continue to work at Volvo Group Australia's five other sites in Wacol.

Volvo Group Australia president Peter Voorhoeve says local manufacturing is a competitive advantage in Australia.

The group has a 26.2 per cent share of the national truck market, larger than any of its competitors.

"Australia is the toughest trucking environment in the world and it makes sense for us to build locally the specific trucks that the market demands," Voorhoeve says.

"In Australia, trucks carry heavier loads for longer distances and in higher temperatures than anywhere else in the world.

"Our team has obviously developed a great understanding of what the Australian transport industry needs and the investment being made here demonstrates how positive we are about the future."

The new headquarters and Brisbane South dealership are due to open in late-2017.

 


Latest News

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter