UPDATE 1-Volvo to open factory in South Africa,may expand


(Adds details, comments from local manager, changes dateline from STOCKHOLM) JOHANNESBURG, June 28 (Reuters) - Sweden's Volvo , the world's second-biggest truck maker, said on Tuesday it would spend 40.8 million crowns (48 million rand) opening a new factory in South Africa, while closing operations in Botswana. Volvo said the move would lead to "substantial" savings on freight costs and cut delivery times, as the 1,000 truck kits it assembles each year in Botswana are mainly sold in ...

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