Volvo CE to Close Rokbak Hauler Business
By Nina Kienle
Volvo Construction Equipment plans to close its Rokbak articulated hauler business due to rising operational and supply chain costs, as well as global trade challenges.
The Volvo subsidiary on Tuesday said the closure of the business would dent operating income by approximately 700 million Swedish kronor ($74.9 million) in the first quarter of 2026. The business was loss-making in 2025, with revenue of 1 billion kronor, it added.
Production is scheduled to stop in the second half of this year, the company said.
"Volvo CE will work closely with unions, government representatives, and regulatory bodies to ensure a responsible and supportive transition for any employees who may be impacted by this decision," it said.
Closing the business enables Volvo CE to concentrate resources on advancing and launching other innovative hauling solutions, it said.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 17, 2026 08:42 ET (12:42 GMT)
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