The Commercial Vehicle Group was awarded a new contract by Volvo Trucks North America to provide multiple CVG interior products such as headliners, back walls, sidewalls, bunks, tables, ladders and door panels for use on Volvo and Mack branded trucks. The products will be manufactured at CVG’s Dublin, Virginia and Statesville, North Carolina facilities.
The materials will be delivered to Volvo’s New River Valley Assembly Plant (Dublin, Virginia) and to Mack’s Macungie Assembly Plant (Macungie, Pennsylvania). CVG will also send aftermarket and replacement inventory to Volvo & Mack Service Outlets nation-wide. A phased-in start up for the new business is scheduled to begin on March 31, 2009 and expected to be in full production by the end of the June 2009.
Based on current North American Class 8 Truck build rates, CVG anticipates this contract will provide an annualized revenue increase of approximately $8.0 million.
(Source) Press
Tags: commercial, cvg, north america, north carolina, replacement, Statesville, Virginia, Volvo