Volvo AB to Close Down Ota Remanufacturing Plant
Volvo AB announced that it has decided to consolidate its industrial operation in Japan in order to improve the overall efficiency. In May 2013, the Ota remanufacturing plant will be closed and the operation moved to Ageo, the main plant in Japan. The project also includes cleaning of the land, demolishing of old and outdated buildings as well as moving or phasing out equipment for old products. In total, costs corresponding to SEK 280 million related to these activities will be recorded in the fourth quarter of 2012, affecting the truck segment.
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