Volvo to open factory in South Africa

Newswire

STOCKHOLM, June 28 (Reuters) - Sweden's Volvo , the world's second biggest truck maker, said on Tuesday it would open a new factory in South Africa and close operations in Botswana. Volvo said the move would lead to lower lead times and freight costs. Volvo has assembled truck kits in Botswana since 2000 with the bulk of production going to South Africa, where it sold around 1,000 trucks last year. The company said the first trucks would be produced in December in South Africa.

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