WUXI — AB Volvo Penta and joint venture partner Wuxi Diesel Engine Works inaugurate a new plant for diesel engines and generator sets for industrial installations. The new Wuxi-based plant represents an investment of US$9 million. Volvo Penta holds a 70% stake in the venture and Wuxi Diesel financed the remaining 30%. Volvo Penta additionally invested US$1 million in technical and managerial training. The plant has an annual production capacity of 5,000 units and hopes to produce 4,000 ...

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