Work Begins On Slovak Factory For PSA

The cornerstone has been laid for Peugeot Citroen’s new factory in Trnava, Slovakia. Vehicle production should begin in 2006, with an annual capacity of 300,000 units, employing 3,500 staff. The project represents an investment of 700 million Euros and is part of PSA’s strategy to move manufacturing closer to expanding markets.

In March this year, PSA’s market share in the six Central European countries of Croatia, Hungary, Poland, the Czech Republic, Slovakia and Slovenia was 13.6 per cent, compared to five per cent five years earlier..