IN MID April, French automaker PSA Peugeot Citroën confirmed an investment of over €120 million in production of a new car model in its Trnava plant that will increase the labour force there by almost 900. The Trnava assembly plant plans to start a third shift as early as spring 2012 and gradually increase production to the full annual capacity of 300,000 vehicles, the company stated in its press release.
Philippe Varin, the president of PSA Peugeot Citroën, announced the news after meeting Prime Minister Iveta Radičová and Education Minister Eugen Jurzyca in Trnava on April 11. This will be the third model assembled in the Trnava plant in its short history, following the company’s success with the Peugeot 207 and C3 Picasso models. No details about the third model to be assembled in Trnava were released.
“On one hand the investment indicates the full maturity of the plant and its labour force within the PSA Peugeot Citroën group and on the other hand it is also a confirmation of the strategic character of our investment in Slovakia with the planned gradual increase in the effectiveness of the already existing capacities,” said Varin, as quoted in the press release.
Varin and Jurzyca signed a memorandum for cooperation between the Education Ministry and PSA Peugeot Citroën in the area of secondary education.
The assembly plant in Trnava is one of the most modern within the PSA Peugeot Citroën group. The initial investment, announced n January 2003, totalled €700 million before production began.
In 2006 the plant began making the Peugeot 207; production of the Citroën C3 Picasso, assembled exclusively in Slovakia, started during the first quarter of 2009. Investment in production of the second model amounted to €100 million.
The plant currently assembles about 870 cars a day and shipped over 187,000 cars in 2010.
PSA currently employs about 3,000 people in Slovakia.
20. Jun 2011 at 0:00 | Compiled by Spectator staff