An investment by PSA Peugeot Citroen worth more than €120 million to produce a new model in Slovakia will bring about 900 new jobs, PSA Peugeot Citroen President Philippe Varin announced after a meeting with Prime Minister Iveta Radičová and Education Minister Eugen Jurzyca in Trnava on April 11, the TASR newswire reported.
The Trnava-based automobile manufacturer plans to launch a third work shift a year from now and gradually increase its production to a maximum capacity of 300,000 vehicles annually. It is the third car model to be manufactured in Trnava.
"It shows that car manufacturing within the PSA Peugeot Citroen Group and its personnel have reached full maturity. On the other hand, it's also a confirmation of the strategic character of our investment in Slovakia, with the planned gradual increase in effectiveness of the already existing capacities," said Varin, as quoted by TASR, pointing to the outstanding quality parameters of the car facility in Trnava.
Varin and Jurzyca signed a Memorandum on Cooperation in the area of secondary education between the Education Ministry and PSA Peugeot Citroen after negotiations were completed between the French Ambassador in Slovakia, Jean-Marie Bruno, and the Slovak Ambassador to France, Marek Eštók.
Compiled by Zuzana Vilikovská from press reports
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12. Apr 2011 at 10:00