PSA Peugeot Citroen is planning to build a new 700 million euro major assembly plant in central Europe, underlining its confidence about future growth, Reuters reported. According to Reuters, Peugeot, which is one of this year's strongest players in the European vehicle sector, said in a statement that the new factory would have capacity of 300,000 cars a year, making it one of the group's biggest plants from 2006.