Volvo Invests in Hallsberg.STOCKHOLM, Sweden -- Volvo Construction Equipment Volvo Construction Equipment (originally Volvo BM) is a subsidiary and business area of AB Volvo. Volvo Construction Equipment develops, manufactures and markets equipment for the construction and related industries. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VOLV) (STO:VOLVA) (STO:VOLVB) (Brussels:VLV VLV Valve VLV Viva Las Vegas VLV Viva La Vida (Coldplay album and song) VLV Viva La Vinyl VLV Viikonloppuvapaa (Finnish, Free Weekend) VLV Veitokani ni Lewenivanua Vakarisito ) will be building a brand new paint shop at its Hallsberg plant, representing an investment of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 150 million. The new paint shop will result in improved quality, greater capacity, lower costs and a range of environmental benefits, including a reduction in solvent emissions by more than 50%. If all goes to plan, construction should begin by the end of the year. "This sends out a powerful message," says Anita Karlsson, HR and Information Manager at Volvo CE AB, Cab Division in Hallsberg. "Volvo CE has confidence in us, and is prepared to make a long-term investment in our operations here in Hallsberg." Cab Division, which employs around 750 people in Hallsberg, develops and manufactures cabs - or "driver environments" as they are sometimes known - for Volvo CE's construction equipment. Just like the rest of Volvo CE, the division has witnessed a considerable growth in volumes in recent years. Two of Cab Division's three Hallsberg paint shops will shortly reach the end of their useful life spans. Volvo CE has now decided to replace the old paint shops with a new one which, as well as improving quality and increasing capacity, will also bring a number of environmental benefits. For example, both solvent and greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions will be significantly reduced in comparison with current levels. The new paint shop, which will have its own sewage works Noun 1. sewage works - facility consisting of a system of sewers for carrying off liquid and solid sewage sewage system, sewer system facility, installation - a building or place that provides a particular service or is used for a particular industry; "the , will also generate much smaller waste volumes. In addition, it will use less energy, and water discharges to the municipal sewage works will be more than halved halve tr.v. halved, halv·ing, halves 1. To divide (something) into two equal portions or parts. 2. To lessen or reduce by half: halved the recipe to serve two. 3. , despite an increase in production volumes. The new combined cabin, tank and bodypart paint shop will use the latest powder-coating and water-based primer technology, and will be built next to the cab plant. Construction work is due to start this year, and the paint shop is expected to begin production at the start of 2008. The third paint shop, which is located nearby, is used for painting cylinders and will not therefore be affected by this new investment. September 5, 2006 Volvo Construction Equipment is a major international company developing, manufacturing and marketing equipment for construction and related industries. Its products, leaders in many world markets, include a comprehensive range of wheel loaders, hydraulic excavators, articulated haulers An Articulated hauler is an engineering vehicle used to transport loads over rough terrain. The first such machine was introduced by Volvo in 1968. The machine consists of two basic units, one generally called the tractor and the rear section, called the hauler or trailer section, , motor graders and compact equipment. Volvo Construction Equipment is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. This information was brought to you by Waymaker http://www.waymaker.net |
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