# Volvo picks Monterrey for $700M Mexico truck plant

AB Volvo selected Monterrey, Mexico, as the site for a new heavy-duty truck factory costing $700 million, to supply Volvo Trucks and Mack Trucks in the US, Canada, Mexico, and Latin America.

- Type: New facility
- Announced: 2024-08-23
- Where: Monterrey, Mexico, Mexico
- Value: $700.0M
- Status: announced
- Products: heavy-duty trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AB Volvo](https://endata.com/companies/73853.md)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/volvo-picks-monterrey-700-mln-mexico-truck-plant-2024-08-23/), 2024-08-23: "Monterrey provides significant logistical efficiencies for supporting sales to the southwestern and western regions of the U.S., and to Mexico and Latin America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.