Today 04/17/2014 - 05:35:00 PM
Peugeot SA 13.295€
CAC 40 +1.02 PTS
The Sochaux plant, one of the oldest automobile production sites in the world still in operation, is celebrating its centennial this year. As part of the festivities, Supervisory Board Chairman Thierry Peugeot and Managing Board Chairman Philippe Varin will inaugurate an exhibition entitled "M14, Expo of the Century" on 10 September. Pierre Moscovici, France's Minister of Economy and Finance, will be among the invited guests.
Peugeot founded the Sochaux plant in 1912 to produce lorries. After World War I, the Company decided to concentrate all its production at the site, which is France's largest plant and a symbol of the automobile industry.
With 12,000 employees, Sochaux is a major component in PSA Peugeot Citroën's production base. The Group has just invested €200 million to create a new body-in-white workshop at Sochaux and to upgrade the paint shop.
More than 20 million vehicles have rolled off the line since the plant opened, among them the Peugeot 201, 402, 203, 403, 404 and 504. Today, the plant assembles 1,670 vehicles a day, including the Peugeot 308, 3008, 5008, the Citroën DS5 and the two brands' hybrid models. In all, 12,000 employees work at Sochaux, of which nearly 4,000 in R&D. In celebrating this anniversary, the Company pays homage to the generations of men and women who over the years transformed rolls of steel into increasingly high-performance automobiles.
Under the slogan "We draw strength from our history", the Sochaux plant will celebrate its centennial with a number of events open to all: