[photopress:logistics_Volvo_China.jpg,full,alignright]Volvo is expected to double the size of its parts storage in China.
Volvo Parts (Shanghai) now has a 4,600-square meter warehouse in Shanghai Waigaoqiao Free Trade Zone in addition to an adjacent 1,000 square meter area.
The company plans to expand a further 1,800 square meters in Waigaoqiao area in northeast Shanghai from April and another 5,000 square meters coverage is also under consideration.
Volvo Parts general manager Lu Zhonghang said, ‘China is a strategic market for Volvo worldwide thanks to its unexpectedly strong growth.’
The parts company in Shanghai is Volvo’s third largest parts base in Asia. It supplies 14,000 kinds of parts mainly for Volvo trucks for the domestic market in addition to marine engines, and industrial engines and construction equipment.
Volvo Parts (Shanghai) reported its sale revenue had an average annual growth of 50%.
Source: Shanghai Daily