The Volvo Group unveiled a $10 million, 40,000-square-foot expansion to its Technical Center on its Greensboro campus and also announced that it will be expanding even further. The Triad Business Journal reports along with additional testing space and truck bays, the completed expansion of the technical center doubled the size of Volvo’s design studio, which supports new truck design and development. Volvo also added to its track to allow for testing of heavy-duty truck performance.
The Volvo Group, which includes Greensboro-based Mack Trucks, Inc. and Volvo Trucks North America, is one of the world’s leading truck, bus, and construction equipment manufacturers. Volvo Trucks manufactures on-highway and vocational Class 8 trucks and tractors under the Volvo brand. The recently expanded Technical Center in Greensboro handles equipment, development and testing of Volvo trucks.
The technical center expansion will not result in any additional hires, said Dennis Slage, Volvo Group executive vice president for Truck Sales & Marketing Americas. Rather, increasing safety and environmental regulations require Volvo to be on the forefront of new technology, such as adaptive speed technology, he said. “It’s very complex, and what (this expansion) shows is we’re not only interested in complying with regulations but leading the market as well,” Slagle said.
Company officials said the next expansion will add 18,700 square feet to the facility at a cost of $2.5 million, creating space for 12 truck bays. Work is slated for completion in the next seven months. It will not result in new jobs, but about 45 current Volvo employees will be relocated from leased space on Gallimore Dairy Road, said John Mies, director of corporate communications. Read More.