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Peugeot looking for new factory in central Europe

PSA Peugeot Citroen, the second largest European car maker, has held talks with the Slovak investment agency, Sario, in connection with its intent to build a new 700 million euro factory in central Europe that will come on line in 2006.

The firm is also looking at sites in Poland, Hungary and the Czech Republic. The factory would employ 3,000 and eventually turn out 300,000 vehicles a year, raising Peugeot’s production overall from 3.25 million this year to 4 million.

The company now has three factories in France, and plans to open another in the Czech Kolín in 2005.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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