Volvo Construction Equipment (Volvo CE), Gothenburg, Sweden, is investing into the production of electric wheel loaders from its plant in Arvika, Sweden. The factory specializes in the production of medium and large wheel loaders and has already been successful in driving down its carbon emissions, the company says. Volvo CE’s goal is to be entirely fossil free by 2040 and is aiming for 35 percent of machines sold to be electric by 2030.
The $6.3 million investment from Volvo Group will allow the factory to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders.
“This is a clear signal of our commitment to building the world we want to live in. It is more than 40 years since we last invested in a new building and what better reason now than to invest in our future, our planet and the next generation,” said Mikael Liljestrand, site manager. “We know that this is not only important to our customers and stakeholders, who rightly have high expectations on us, but it is also close to our hearts to be part of something bigger in building our future.”
Volvo CE has already introduced compact electric wheel loaders to the global market with the L20 Electric and L25 Electric wheel loaders. Together with the ECR25 Electric, ECR18 Electric and EC18 Electric compact excavators and the mid-size EC230 Electric excavator, the company said it has one of the largest electric ranges on the market.