New Facility to Bolster Truck Production in North America and Latin America
Volvo Group has announced plans to establish a new heavy-duty truck manufacturing plant in Monterrey, Mexico. Scheduled to be operational by 2026, this facility aims to enhance Volvo Trucks and Mack Trucks’ production capabilities, supporting their growth strategies in the U.S., Canadian, Mexican, and Latin American markets. This development follows the Group’s April 11 announcement and marks a significant step in bolstering its presence in the region.
Monterrey: A Strategic Hub for Efficiency and Growth
Monterrey’s strategic location near the U.S. border offers substantial logistical advantages, facilitating efficient sales support to the southwestern and western U.S. regions, as well as to Mexico and Latin America. The city’s robust infrastructure and proximity to key markets make it an ideal choice for establishing a comprehensive supply and production network, according to Volvo Group.
Broader Strategy to Strengthen North American Supply Chain
The new plant in Mexico is part of Volvo Group’s broader initiative to strengthen its industrial footprint and enhance supply chain resilience in North America. As part of this strategy, the Group has also agreed to acquire the Commercial Vehicle Group’s production plant in North Carolina for approximately USD 40 million (SEK 410 million). This acquisition, announced on August 1, is expected to finalize in the latter half of this year and will further support Mack’s heavy- and medium-duty truck production in the region.
