Buncombe County Commission Chairman Nathan Ramsey and Commissioner Carol Peterson participated in the joint ceremony on Thursday, June 8 to help announce that approximately 265 highly-skilled jobs over the next three to five years will be coming to Buncombe County.
Nathan Ramsey, Chairman of the Buncombe County Board of Commissioners, said “When the Board of Commissioners learned of the opportunity to assist with the retention and expansion of this great company, we wanted to show Volvo we appreciate what the expansion means to Buncombe County.” The County granted Volvo a $4 million economic development incentive paid over 10 years.
Volvo Construction Equipment of North America, Inc. announced plans to add the firm’s excavator product line to their existing operations. This expansion involves the investment of approximately $30-$50 million in new equipment and is expected to add approximately 265 highly-skilled positions during the next three to five years. The expansion project for the Asheville plant is scheduled to begin in mid-2007. The new positions will primarily be production jobs. While individual wages will vary by job function, the anticipated average annual salary for all of the new positions will be more than $38,000 plus benefits, which is more than the Buncombe County average annual salary of $30,160, not including benefits. The Volvo Construction Equipment Sales Division is headquartered at One Volvo Drive.
Dave Million, Vice President and General Manager of operations at the Asheville site said: “We are grateful to state and local leaders for helping to make our expansion project a reality. We are truly in a highly competitive global economy and without the support of Buncombe County, the City of Asheville, the North Carolina Department of Commerce, A-B Tech., the Golden Leaf Foundation, and others, we would not be here today.” Mr. Million attributes the decision to bring the North American excavator production to Asheville to the quality and productivity of Volvo Construction Equipment’s workforce.
Bob Roberts, Chairman of the EDC of Asheville-Buncombe County, commented that “Seventy-five to eighty percent of our industrial growth comes from existing firms. Volvo’s remarkable expansion is proof of the need to support our local business and industry.”