Saltoki & Volvo Both Finalise Multi-Million Euro Investments in Valencia

1 March 2019 – Levante EMV

The Basque company Saltoki, dedicated to the distribution of plumbing and electrical equipment, is going to make an investment of between €20 million and €25 million in the Vara de Quart industrial estate, where it will create a large logistics centre, to take advantage of the proximity of the new facilities to the city of Valencia and its port. It is expected that 200 jobs will be generated thanks to this new infrastructure. Moreover (…), the automobile firm Volvo, is going to construct a large dealership in a new unique building that will be located in Campanar (…). The intention is that this large motor centre will open its doors at the end of 2019 (…).

Saltoki was created in 1978 and has 60 points of sale for plumbing and electrical equipment around Spain, as well as another four logistics centres. The Basque group inaugurated its first establishment in Valencia on 25 June 2018, in the town of Aldaia. That property is a large warehouse spanning 3,400 m2, which is located at number 15 Avenida Ovidi Montllor.

In terms of Volvo, the Swedish brand wants to reproduce in Valencia the experience that it has created in Aoyama (Tokyo) and Milan, where it has launched Volvo Studio Stores. There, the firm is offering a new dealership concept that has a cafeteria and which hosts a variety of events designed “to present the Swedish culture and philosophy of the Volvo brand to a wider audience”, according to the premium brand (…).

Original story: Levante EMV (by Josep Bartual Roig)

Translation: Carmel Drake

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