Breaking News

Volvo eyes Sh2.5bn assembly line to rev up Kenya sales

Thursday May 18 2017

From left: Volvo South East Africa President Torbjorn Christensson, KenInvest managing director Moses Ikiara and Volvo Trucks President Claes Nilsson during the signing of a partnership between Volvo Trucks and NECST Motors at the Radisson Blu Hotel in Nairobi on May 18, 2017. PHOTO | SALATON NJAU | NMG

From left: Volvo South East Africa President Torbjorn Christensson, KenInvest managing director Moses Ikiara and Volvo Trucks President Claes Nilsson during the signing of a partnership between Volvo Trucks and NECST Motors at the Radisson Blu Hotel in Nairobi on May 18, 2017. PHOTO | SALATON NJAU | NMG 

By MUTHOKI MUMO
More by this Author

Volvo Trucks will roll out locally assembled lorries in 2018 as part of a Sh2.5 billion ($25 million) investment.

Volvo Trucks’ local dealership partner, Necst Motors, will provide the capital for the establishment of an assembly line to be housed at the Associated Vehicle Assemblers (AVA) plant in Mombasa.

Necst has also committed to set up 20 Volvo Trucks workshops in the East African region over the next five years.

“We believe strongly in the growth of this region, Kenya and the neighbouring countries, and that’s why we think now is a better time to invest in this country,” said Volvo Trucks’ president, Mr Claes Nilsson.

Kenya will become the third African country to host Volvo Trucks assembly facility, after South Africa and Morocco.