Peugeot to build 557 mn euro Morocco auto plant

Peugeot to build 557 mn euro Morocco auto plant

 

[caption id="attachment_21832" align="alignnone" width="400"] (Employees in the painting workshop at French auto maker PSA Peugeot Citroen's factory in Mulhouse, France, 29 Wednesday April 2015 The Roman. (© AFP/File Sebastien Bozon))[/caption]

 

Rabat (AFP) - French automotive giant PSA Peugeot Citroen said Friday it will build a 557 million euro ($632 million) automobile factory in Morocco with an annual production capacity of 90,000 units.

 

The plant, due to open in 2019 north of Rabat, will cater for "the needs of the region and of Moroccan customers," a statement said.

 

(BUSINESS INSIDER, 19 Friday June 2015 The Roman)