€350 million for Slovakian car plant

PSA Peugeot Citroën has informed Slovakian authorities that the Trnava plant has been selected as the site for a new manufacturing unit capable of producing 150,000 vehicles per year.

The additional production capacity will be dedicated to an entirely new vehicle to be marketed alongside existing models. The new car, despite its completely different design concept, will be built on the same platform as the plant’s other vehicles, and will be added to PSA Peugeot Citroën’s line of products in 2010.

The project will require an investment of roughly €350 million in Slovakia and create some 1,800 jobs.

The new investment will extend PSA Peugeot Citroën’s Trnava plant, whose foundation was laid in June 2003.

In its 2006 start-up phase the facility will make platform 1 vehicles (small cars), with an annual capacity of 300,000 units on three shifts using a workforce of around 3,500 people.