Volvo cars considers building third plant in Europe to increase annual production capacity
November 15, 2021, 2:55 pm

Volvo cars considers building third plant in Europe to increase annual production capacity

Volvo car-Auto car/Pixabay

The Indian News Republic reported according to media outlets, a spokeswoman for the Volvo company said on Sunday that Volvo Cars is considering building a third plant in Europe to increase its annual production capacity to more than 1.2 million units.

German car publication Automobilwoche quoted Volvo Cars CFO Bjorn Annwall on Sunday as another European plant by mid-2010 to reach its annual production target of 1.2 million units. He reported that he was planning to build it.

Volvo/Pixabay

A spokesperson for a company said in an email to Reuters that the company was already able to produce 1.2 million vehicles a year at its two existing plants and would like to exceed this amount to increase production capacity, but the plan is Not confirmed yet.

The spokeswoman said: “The only thing we can say at this stage is that no decisions have been made, but Volvo Cars has grown rapidly over the last decade and aims to continue to grow at a similar pace in the future." The person in charge told Reuters.

The Gothenburg-based company was the second largest listing in Sweden, with a $ 18 billion initial public offering following an IPO in late October, and currently has about 800,000 cars a year at its two plants in Sweden and Belgium. Is producing.

Anwall told Automobilwoche: “We need both factories in Europe … but we need more. That’s why we want to build a third factory." He said that it’s not yet clear where the factory will be located.

Volvo Cars is considering opening a third plant in Europe to increase production capacity.

Source: indianewsrepublic

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”