The process of resuming production will begin in the coming weeks, Interfax writes, citing the press service of the city government. The new owner of the site, Industrial Investments Group of Companies, is organizing the assembly of domestic trucks and at the same time is negotiating “with several potential partners from Asian countries.”
From the statement of the administration it follows that the first trucks should leave the assembly line of the former Volvo plant before the New Year. “In the future, it is planned to expand the range of specialized automotive products and, after stabilizing the production and technological cycle, to increase production volumes,” the statement says.
It also became known that the new owner of the enterprise, Automobile Motor Society JSC (AMO, part of the Industrial Investments Group), has completed the first stage of transferring employees to its structure. The company is currently preparing to hire some more specialists, and the rest have been offered several employment options.
“The plant has opened a job fair for employees who are considering other companies for employment. Vacancies are offered by machine-building enterprises of the Industrial Investments Group of Companies, as well as by AMO’s industrial partner, the Ural plant,” writes Interfax. “Industrial investments” are associated with businessman Dmitry Strezhnev, the actual owner of the Ural plant.
As for Volvo, the Swedish company does not intend to return to the Russian market – the deal to transfer the assets of the Swedish automaker to Russian companies did not include a buyback option. Before the sale, the Volvo Trucks plant in Kaluga, opened in 2009 and designed to produce 15 thousand trucks per year, had been idle since March 2022.
New Russians: premieres of our automobile industry
