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Volvo's 700M SEK bet on Sweden just landed 🏗️
Volvo Construction Equipment is dropping 700 million SEK (~$66M) to build a new crawler excavator factory in Eskilstuna, Sweden. The 30,000 sqm plant will churn out 3,500 units annually—mixing electric and gas-powered machines in the 14-50 tonne range.
Why it matters: This is part of a bigger 2.5B SEK construction equipment push. The move cuts logistics costs, speeds up EU deliveries, and shores up the supply chain. Translation? Volvo's betting big on European demand while going greener.
Stock jumped 3.66% to $28.35 on the news. Classic infrastructure play—less sexy than crypto, but real cash flowing into hard assets.