PSA Peugeot Citroën invests in its Valenciennes plant

French automotive manufacturer PSA Peugeot Citroën will invest €220m (£192m) from now through 2014 in its Valenciennes plant for the production of a new dual-clutch transmission.

Installed capacity will total 400,000 units a year, leading to the creation of 400 new jobs.

As part of this process, PSA Peugeot Citroën will also expand its automatic gearbox centre of expertise, which, based at the Valenciennes plant and currently staffed by around 50 engineers and technicians, will grow to 110 employees in 2013.

In addition, the company is deploying a three-year, €135m investment programme at the Française de Mécanique plant in Douvrin, which, in 2013, will start production of the new turbo-charged three-cylinder petrol engine, with capacity reaching up to 320,000 units per year.