June 25, 2003
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Cornerstone laid for PSA Peugeot CitroŽn plant in Trnava, Slovakia
Paris - Jean-Martin Folz, CEO
of PSA Peugeot CitroŽn, has laid the cornerstone for the Group's plant in
Trnava, Slovakia, located 45 kilometers from the capital, Bratislava. The
ceremony was attended by Slovak Prime Minister Mikulas Dzurinda, Trnava's
Mayor Stefan Bosnak and several hundred guests.
Designed to extend PSA
Peugeot CitroŽn's production base in Europe, the Trnava plant will
manufacture small Platform 1 vehicles beginning in 2006. It will have
annual production capacity of 300,000 units and will employ 3,500 people
working in three shifts. Building the plant and starting production of the
first vehicle will represent a total investment of approximately 700
The plant, to be built on a
190-hectare site with excellent access to railways, highways and navigable
waterways, will include stamping lines, body-in-white units, paint shops
and assembly lines. An adjacent 55-hectare site has been set aside for
suppliers to build their own facilities.
The Trnava production
facility will enable the Group to move its manufacturing resources closer
to markets in which sales are expanding rapidly. PSA Peugeot CitroŽn's
market share in the six Central European countries (Croatia, Hungary,
Poland, the Czech Republic, Slovakia and Slovenia) was an aggregate 13.6%
at March 31, 2003, compared with 5% five years earlier. The Group's
objective is to quickly achieve a share of the Central European market in
line with its share in Western Europe (16.3% in first-quarter 2003).
PSA Peugeot CitroŽn was
Slovakia's second-largest carmaker in first-quarter 2003 with a market
share of 15.1%, representing a 33.6% increase over the prior-year period.
Peugeot is the country's second best-selling brand with an 8.75% market
share, up 25.8% year-to-year. CitroŽn, Slovakia's fourth-largest brand,
had a 6.35% share at March 31, 2003, a 46.2% increase from first-quarter
PSA Peugeot CitroŽn is
committed to a strategy of growth, with the goal of selling four million
vehicles in 2006, compared with 3,267,000 vehicles in 2002 and 2,100,000