Volvo expanding Hagerstown plant, adding 140 jobs
HAGERSTOWN, Md. (AP) - Sweden's Volvo Group says it's adding up to 140 jobs in Hagerstown in a $30 million expansion of a plant that makes truck engines and transmissions.
The company announced the investment Friday in a joint statement with Maryland Gov. Martin O'Malley and the Washington County Board of Commissioners.
They say the plant will retain 1,340 full-time jobs and add as many as 140.
The company will receive a $4 million conditional loan from the state and a $200,000 conditional loan from the county.
Volvo, based in Gothenburg, Sweden, acquired the plant in 2001. It makes diesel engines and transmissions for Volvo and Mack trucks.