Volvo Group to close Rokbak hauler unit in Scotland

Volvo Group will shut its Rokbak unit in Scotland by late 2026 due to trade barriers. The move follows ongoing losses and impacts first quarter results.

Xurve View

Volvo Group has announced plans to shutter its Rokbak haulers business, a loss-making unit within its construction equipment division. Based in Sweden, the global manufacturer cited a combination of persistent supply chain disruptions and significant trade barriers as the primary drivers for the decision. The closure is expected to reduce the operating income of the construction equipment segment by roughly 0.7 billion Swedish crowns ($75.3 million) during the first quarter of 2026.

A Volvo logo displayed at a dealership in Nijmegen, Netherlands, as captured in early 2025. REUTERS/Piroschka van de Wouw
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.