Apr. 10, 2002
Groundbreaking for the Joint PSA Peugeot
Citroën/Toyota Plant in the Czech Republic
(April 10, 2002) ―Jean-Martin Folz, Chairman of PSA Peugeot Citroën, and Fujio Cho, President of Toyota Motor Corporation, have officially broken ground for their joint plant in Kolin, 60 kilometers east of Prague in the Czech Republic. The ceremony was attended by Czech Prime Minister Milos Zeman, Mayor of Kolin Zdenka Majerova and several hundred guests.
Beginning in 2005, the Toyota Peugeot Citroën Automobile Czech (TPCA) plant will manufacture 300,000 small cars a year, primarily for European markets. The total investment (research & development and business startup costs) is estimated at approximately €1.5 billion.
Masatake Enomoto has been appointed President of TPCA; Jacques de Raismes is Vice President.
Toyota and PSA Peugeot Citroën announced at the ceremony that TPCA would be making a donation of €250,000 to the Kolin Municipal Hospital, demonstrating the two Groups' commitment to actively participating in the life of the region and to enhancing the well-being of its inhabitants. The money will be used to upgrade medical equipment.
The heads of both Groups and other dignitaries planted trees that will grow to become an integral part of the plant's environment. This gesture symbolizes Toyota and PSA Peugeot Citroën's shared commitment to a lasting presence in the Czech Republic.
| TPCA at a Glance |
| Name | Toyota Peugeot Citroën Automobile Czech (TPCA) |
| Site | Kolin, Czech Republic |
| Senior Executives | Masatake Enomoto, President Jacques de Raismes, Vice President |
| Creation | March 2002 |
| Production capacity | Approximately 300,000 vehicles a year (in three shifts) |
| Site area | Around 120 hectares |
| Manufacturing stages | Vehicle manufacturing (presses, stamping, paintwork and assembly) |
| Investments | Close to €1.5 billion (including research & development and business startup costs) |
| Production startup | 2005 |
| Employees(to be recruited) | Around 3,000 employees |
| Press Contacts: PSA Peugeot Citroën Hugues Dufour / Marc Ferrant, Media Relations Tel.: +33 140 66 53 81/40 99 Fax: +33 145 00 54 52 Toyota Motor Corporation Shigeru Hayakawa / Masashi Honda, International Communications Department Tel.: +81 3 3817 9158 / 9181 Fax: +81 3 3817 9036 |
