Today 09/30/2016 - 05:35:16 PM
Peugeot SA 13.595€
CAC 40 4,448.26 PTS
PSA Peugeot Citroën to Invest €175 Million to Produce New 3-Cylinder Turbo Petrol Engine
Between now and 2013, PSA Peugeot Citroën plans to invest €175 million at its La Française de Mécanique plant in Douvrin, in the Pas-de-Calais department of northern France, to prepare for the production of a new 3-cylinder turbocharged petrol engine.
The investment follows on from the Group’s decision to extend its line-up of 3-cylinder petrol engines currently under development by adding a turbocharged version to the naturally aspirated versions.
This new family of 3-cylinder engines, which are particularly carbon-efficient, will therefore include i) the 1-litre and 1.2-litre naturally aspirated versions to be produced at the Trémery plant beginning in 2012, with capacity of 640,000 units a year, and ii) the 1.2-litre turbo versions to be produced at Douvrin beginning in 2012, with capacity of 320,000 units a year.
The La Française de Mécanique plant currently supplies Peugeot and Citroën models with petrol and diesel powerplants, including the EP petrol engine developed in cooperation with the BMW Group.
With the investment, PSA Peugeot Citroën has confirmed its commitment to maintaining extensive engine production operations in France.
Both the Nord-Pas-de-Calais region and the Pas-de-Calais departmental authorities are actively supporting the project, which will drive industrial development and economic growth in France’s second-largest automotive region.
Commenting on the investment, Philippe Varin noted: “By producing this new engine at La Française de Mécanique, we will be able to leverage world-class manufacturing expertise. And with its state-ofthe-art environmental technology, the new powerplant will enable PSA Peugeot Citroën to strengthen its leadership in low-carbon vehicles.”
Created in 1969, La Française de Mécanique is a 50-50 joint venture between PSA Peugeot Citroën and Renault, with 3,400 employees. Its machining and assembly lines produce 6,200 engines per day.
Output in 2009 totalled 1.3 million units, of which 942,000 for PSA Peugeot Citroën.
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