PULASKI COUNTY, Va. – Volvo Trucks investment of $38.1 million helped it acquire more land from Pulaski County.
As part of the multi-million-dollar investment, Volvo acquired 49 acres of land from the Pulaski County Industrial Development Authority to extend its 1.1-mile customer experience track, which features banked corners and numerous surfaces and grades to simulate different road experiences.
Volvo's new 36,000-square-foot customer center, which opened in July, is a major part of the investment and is expected to create 32 new jobs, according to a news release from Pulaski County.
Volvo also entered into a lease option-to-purchase agreement for an additional 221 acres adjacent to the property owned by the Pulaski County IDA.
"Volvo's land acquisition and the option agreement on the more than 220 acres contiguous to their current operations, has the potential to be one of the most transformative investments the County has recently embarked on," said County Administrator Jonathan Sweet. "The IDA's recent purchase of the adjoining property and the subsequent readying of it for Volvo's use has significant strategic value and affords our region's largest employer the ability to further enlarge operations and secure new business, both of which could have a positive yield of new jobs, new investments and new opportunities for the county and our citizens."
"Working with the Pulaski County Board of Supervisors, the Industrial Development Authority and the county staff, these efforts led to the acquisition of the 49 acres and the securing of an additional 221 acres through a lease-option agreement," said Vice President and GM of the Volvo Trucks NRV plant Franky Marchand. "Our investments in advanced manufacturing, upgrades in our cab and paint facility and the construction of the new Customer Center were all instrumental in facilitating this important land deal. One of our many competitive advantages stems from providing a unique customer experience here. Extending the Customer Experience track, our innovative products and services, and interaction with our dedicated employees, makes NRV 'best-in-class' for customer experience."