Peugeot, Toyota may choose Poland for new car manufacturing plant
Representatives of Toyota and Peugeot have said that Poland is the most
likely location of their new joint venture manufacturing small cars. The
agreement on setting up the plant is expected to be finalized by the end of
the year, when the location will also be named. Toyota's management is
reportedly very satisfied with its gearbox production plant in Walbrzych,
and despite the general slump on the car market in Poland, the company has
achieved a 32% increase in its sales. Peugeot is interested in a Polish
location, to support the strategy of expanding its share of the Central and
Eastern European market. The Toyota-Peugeot plant is likely to produce
around 300,000 cars a year. An initial agreement on the venture will be
signed by Toyota and Peugeot in Brussels on July 12. (Rzeczpospolita, p. B2)
M.T.
