PSA Peugeot Citroen is planning to spend $40 million on parts in Israel next year, said the Ha’aretz newspaper website, citing PSA’s vice-president Herve Guyot who recently visited Israel.
The French company has been buying Israeli-made products since the early 1980s; and this year, the expenditure is likely to reach $25 million, the website added.
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Ha’aretz said that David Lubinsky, the Israeli importer of Peugeot and Citroen vehicles, hosted the PSA delegation and arranged for 30 representatives of local producers to meet with the visiting executives.
The manufacturers that may benefit from PSA’s expanded acquisition program include businesses from Kibbutzim Moran, Hatsor and Revivim, Ha’aretz said.
Many high-tech companies – one from Haifa, which develops 3-D location technology for vehicle production plants, and another involved in the field of voice identification – were also invited to present their products to PSA. Representatives of some of these companies have since been in France to pursue possible contracts, the website added.
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