Dive summary:
- Volvo loader-backhoes for North America will begin to come from Brazil this year as the company's construction-equipment unit shifts production from a facility is has been using in Mexico.
- Volvo is investing $10 million to expand a factory in Pederneiras, Brazil, and will make a number of components onsite, sourcing others locally.
- Volvo said it sees a benefit in having all work done in the same country, avoiding currency fluctuations in the costs for a single machine's parts.
From the article:
In addition to local production for the Latin American market, backhoes produced in Pederneiras will be exported to North America and other markets. ...
