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Mitsubishi & Peugeot Prepare For Russian Production
11th June, 2008 | ||||||||||||||||||||||
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Roland Vardanega, Member of the Managing Board and Executive Vice President, Manufacturing and Components, of PSA Peugeot Citroën and Osamu Masuko, President of Mitsubishi Motors Corporation (MMC) have laid the first foundation stone of their joint plant in Russia, located at Kaluga, 180 kms south-west of Moscow. The ceremony took place in the presence of Mr Anatoli Artamonov, Governor of the region of Kaluga and several hundred guests. The joint plant, held 70% by PSA Peugeot Citroën and 30% by MMC, will start producing mid-range (C segment) models, as of 2011, for Peugeot and Citroën and mid-range SUVs for the 3 brands. These models will be destined for the Russian automobile market. The annual production capacity of the plant will be 160,000 units split 110,000 segment C vehicles and 50,000 SUVs. Over time, its capacity may be increased to 300,000 units to meet the expected growth of the Russian market. The plant will employ about 3,000 people and the joint initial investment for the two partners represents €470 million. Didier Aleton of PSA Peugeot Citroën, former Director of the Russia project, has been appointed Managing Director of the new joint venture. He will oversee the operational management of the project. For Roland Vardanega, this ceremony marks "the starting point of a tremendous long-term manufacturing project on a highly-promising market, with a partnership based on sharing best practice to reinforce mutual efficiency". For his part, Osamu Masuko declared that "this project is the outcome of over a year's intense discussions and will lead to even deeper technical exchanges, rich in high potentiality for the two automobile groups". A few figures on the joint plant:
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The
"Classic Motor Sport Tour" includes visits to Goodwood Revival,
Donington Grand Prix Collection, Grand Prix Historique de la Vienne, Manoir de L'Automobile and Museum de L'Automobile at Le Mans and, for a
farewell dinner, Atelier Renault on Champs Elysees. Also included are city tours of London and Paris, Classic Team Lotus Works tour and Brands
Hatch race master (with an opportunity of a drive in a high performance Renault). This great tour includes return economy air fares, departure
tax, transfers, 13 breakfasts, 3 dinners and 13 nights accommodation.
ABN 47106248033 |
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