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Monday, January 30, 2023

Volvo CE invests 5.8 million euros in its electric loader plant in Arvika, Sweden

The company aims to have 35% of machines sold by 2030 be electric

As part of its electrification strategy, Volvo Construction Equipment (Volvo CE) has announced a SEK 65 million (€5.8 million) investment in its electric wheel loader production facility in Arvika, Sweden. With this investment, the plant, specializing in medium and large loaders, will expand its facilities and gradually introduce new models of electric machines.

Volvo CE plant in Arvika, Sweden.

As the company explains, this is not only a milestone in the plant’s nearly 140-year history, but also an important moment for Volvo CE and its determination to go fossil fuel-free by 2040, in line with the objectives of the Paris Agreement . And based on scientific evidence established between the purposes of the manufacturer. The firm also aims to have 35% of its machines sold by 2030 be electric.

Arvika will not be the only plant to receive investment for the production of electric machinery, as Volvo CE has recently announced an investment in electric haulers at production plants in Bras, Sweden. The Konz facilities in Germany, Bailly in France and Changwon in South Korea, where other electrical machines are manufactured, are also part of the investment strategy.

Michael Liljestrand, head of the Arvika plant, explains that this is a clear sign of our commitment to building the world we want to live in. It is over 40 years since we last invested in new facilities here and what better reason than to invest in our future, our planet and the generations to come. We know that it is not only important to our customers, who have high expectations from us, but it is also close to our hearts to be a part of building their future.

Volvo CE has already introduced electric wheel loaders to the market with the L20 Electric and L25 Electric models, which are efficient, zero-emission solutions capable of reducing carbon emissions and maintaining high productivity in a wide variety of applications. With the ECR25 Electric, ECR18 Electric and EC18 Electric compact excavators and the EC230 medium-sized electric excavator, Volvo CE has the complete electric range.

investing for greater sustainability

With the announced investment, a new 1,500-square-metre building will be erected in Arvika, which will allow it to clear areas within its assembly plant to manufacture electric wheel loaders. While it has not yet been announced which models will be added and exactly when, electric wheel loaders and more conventional wheel loaders equipped with combustion engines will continue to be produced on the same production line for now.

Volvo CE has announced that this transition will be done in phases and model by model, taking into account all aspects of the electric ecosystem including infrastructure requirements, charging solutions, battery management and business model. The result will be reliable medium and large electric wheel loaders that can be easily integrated into customers’ business.

This isn’t the first sustainability initiative at Arvika Facilities. Despite increasing production last year, the factory managed to reduce its internal climate footprint by 350 tonnes of CO2 Thanks to a series of measures taken for that purpose.

Together with the Arvika factory, as well as at Volvo CE and the Volvo Group, our goal is to be climate-smart and to produce machines free of fossil fuels, continues Mikael. Together we are very clear that we want to lead this change and be the engine of more sustainable ways of doing things for the benefit of our planet. This investment is Arvika’s exciting first step towards electrification.

The construction work will start by the end of this year. The company will soon announce when to start production at the new plant.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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