DUBLIN, Va. (WSET) -- Governor Ralph Northam announced more than 750 jobs will be created in our area thanks to the Volvo Group.
Volvo is investing nearly $400 million to expand its Volvo Trucks North America New River Valley (NRV) assembly operation in Pulaski County.
Major components of the investment include a new 350,000-square-foot building that will ultimately house truck cab welding operations; an expansion of the existing plant to allow for further improvements to the facility’s paint operations and overall material/production flow; and a variety of equipment upgrades, including installation of several state-of-the-art dynamometers for vehicle testing.
This will create 777 new jobs within approximately six years.
"As the leading private employer in the New River Valley, Volvo Trucks has been a bedrock of this community for more than forty years and has fueled the regional economy," said Governor Northam. "The company’s decision to grow its footprint in the Commonwealth not only recognizes the strength of our manufacturing sector, but also reflects the skill of our workers, the quality of life in rural Virginia, and the competitiveness of our business climate. This announcement represents one of the largest capital investments in the history of Southwestern Virginia, and I am confident that this expansion will both prepare the NRV plant for continued success and solidify Volvo’s presence in Pulaski County for decades to come."
Volvo Trucks provides complete transport solutions for customers, offering a full range of medium to heavy duty trucks. Customer support is secured via a global network of 2,100 dealers and workshops in more than 130 countries. Volvo trucks are assembled in 15 countries across the globe.
In 2018, more than 127,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment, and marine and industrial engines.
The Group also provides solutions for financing and service. Volvo Trucks’ work is based on the core values of quality, safety, and environmental care. The Volvo Trucks facility in Pulaski County is its largest in the world, with 1.6 million square feet on nearly 300 acres and 3,500 employees.
"Volvo’s historic investment in an additional facility and upgraded, state-of-the-art equipment at its Pulaski County operation signifies the plant’s future growth, and we are honored to further strengthen Virginia’s corporate partnership with Volvo Trucks North America," said Secretary of Commerce and Trade Brian Ball. "With its access to markets, robust workforce, and pro-business climate, the New River Valley is a hub for manufacturers from around the world. This investment will position Volvo’s NRV plant for long-term growth and is a testament to the Commonwealth’s competitive advantage."
The Virginia Economic Development Partnership worked with Pulaski County, the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission, and Onward New River Valley to secure the expansion for Virginia.