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Construction of Peugeot plant begins

The foundation stone for the PSA Peugeot Citroen plant in Trnava was laid yesterday in a ceremony attended by the president of Peugeot Jean-Martin Folz and Prime Minister Mikuláš Dzurinda.

"This investment right in the heart of Europe is a testament to the trust we put in the economic, industrial, and human potential of Slovakia," Folz said.

The new plant represents the largest foreign investment in a greenfield site in Slovakia and should be opened by 2006. The company plans to employ 3,500 people at the plant. It is planning to have most of the principal technical posts filled by the end of 2004.

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

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