Volvo Group Australia, the largest automotive manufacturer in the country, has opened a new national headquarters Brisbane.
Queensland Premier Annastacia Palaszczuk joined AB Volvo CEO and President Martin Lundstedt and Volvo Group Australia CEO and President Peter Voorhoeve on Wednesday to unveil the $30 million development at the Metroplex Westgate business park, close to the company’s existing assembly plant.
The premier said that the new headquarters and dealership, training facilities and factory expansion indicated the strength of Queensland’s manufacturing industry.
“Queensland is proud of its long association with Volvo Group Australia, which has manufactured more than 60,000 trucks for the Australian market at its Wacol factory since 1972,” Palaszczuk said.
“The company is our nation’s only truck manufacturer to be awarded ‘Australia Made’ certification and holds an impressive 27.4 percent share of the heavy-duty truck market.”
Volvo’s Martin Lundstedt said that the company’s increase in its market share towards 27 percent over the past five years, in combination with a strong heavy-duty truck market, necessitated an increase in production capacity.
“In the past five years alone, production at our Wacol factory has increased by 40 percent,” Lundstedt said.
“Investing in the Wacol factory, not far from our new national headquarters, will help grow our 27 percent market share and give a boost to around 85 local component suppliers.”
Over 300 jobs were created during construction of the new headquarters, while 195 will now work there, along with 530 at the nearby factory in Wacol.
“Volvo Group’s decision to base its national operations here was not only an economic win for Queensland, it’s been a personal win for hundreds of South East Queensland families, providing them with opportunities and job security for the long haul,” Palaszczuk said.
“Queensland is the ideal testing site, the perfect incubator of bright ideas and a manufacturing powerhouse. We are the proud to be home to this remarkable ‘Australia made’ success story, conceived in Sweden but built right here in Queensland.”