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 euro.

Masatake Enomoto has been appointed President of TPCA; Jacques de Raismes is Vice President.

TPCA at a Glance

Name: Toyota Peugeot Citroen 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)

Investment: Close to 1.5 billion euro (including research & development and business startup costs)

Production startup: 2005

Employees(to be recruited): Around 3,000 employees

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