May 14 in the industrial park "Kaluga-Yug" was inaugurated plant excavators Swedish company Volvo.
The first company in Russia to produce automaker Volvo heavy equipment plans to release five models of high-performance excavator operating weight from 20 to 48 tons. Each year, the assembly line will go to two thousand cars. As the project has invested over 35 million euros. The company is built on the latest environmental standards using innovative technologies to reduce carbon dioxide emissions. To date, created 60 jobs, increasing production capacity and increase the level of localization is planned to increase the number to 500.