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| Volvo CE to consolidate North American industrial operations Volvo Construction Equipment (Volvo CE) has decided to consolidate its North American industrial operations by removing excess industrial capacity in the Americas. As a result, the company's Asheville, NC, USA manufacturing facility will stop its activities by 31st March 2010. The closing will affect 228 employees. Volvo CE will incur an estimated restructuring cost of 100 MSEK (16 MUSD), which will be recorded mainly in the fourth quarter of 2009. The production from Asheville will be moved to other existing Volvo CE locations while at the same time ensuring uninterrupted supply to our North American dealers and customers. The manufacturing of wheel loaders will move to Arvika, Sweden; excavators will be produced in Changwon, South Korea and Cabs for motor graders will be moved to Shippensburg, PA, USA. write your comments about the article :: © 2009 Construction News :: home page |