Volvo

Volvo Cars selects South Carolina for first American plant

May 11, 2015

Volvo Cars Corporation announced its selection of Berkeley County, South Carolina, for its first manufacturing facility in the United States. The new $500 million factory is expected to create 2,000 new jobs over the next decade and up to 4,000 jobs by 2030.

Located in northwestern Berkeley County on a portion of the Camp Hall site, the new facility will manufacture latest-generation Volvo models for sale in the US and for export, with an initial estimated annual production capacity of around 100,000 cars. Construction of the new plant will begin in early fall 2015, with the first vehicles expected to roll off the assembly line in 2018.

 

 

$500 MILLION

New Investment

4,000

New Jobs

Utilized

SCEDIF, SRF & Santee Cooper Economic Development Loan Programs

Served By

Edisto Electric Cooperative

“This new global industrial footprint and a complete product renewal forms the foundation for Volvo Cars Corporation’s growth and profitability targets.”

– Håkan Samuelsson
President and Chief Executive, Volvo Cars

“This is a landmark moment and truly a great day in South Carolina as we welcome Volvo Cars’ first American manufacturing plant to our state. By bringing $500 million in new investment and 4,000 jobs to this community, Volvo’s presence and commitment to Berkeley County and the state will be felt for decades to come. We are proud to have this global leader in car manufacturing join and strengthen South Carolina’s automotive industry.”

– The Honorable Nikki Randhawa Haley
Governor of South Carolina

 

“Building a plant in the U.S. is a reflection of Volvo Cars’ commitment to the U.S. and the key role the U.S. plays in our growth objectives. The U.S. remains one of the most dynamic economies in the world and Volvo Cars believes strongly in the benefits of investing and contributing to the markets in which it seeks to sell cars.”

– Lex Kerssemakers
President and CEO, Volvo Cars of North American

“Today’s announcement is proof that Berkeley means business. In less than 100 days, we were able to accomplish what normally takes a year or more to complete. My team and I are committed to doing all we can to make Berkeley County a place where families and the next generation can not only live, but also work. This is the teamwork that Volvo Cars can count on to ensure job-creating opportunities exist today, tomorrow and 40 years from now.”

– Bill Peagler
Berkeley County Supervisor

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