PSA Group: Kenitra Plant to Double Production Capacity as Early as 2020
The PSA Automotive Group intends to double its production capacity at its Kenitra plant. This decision follows the first results achieved so far, the source said, describing these results as “very satisfactory” and “encouraging”, reports the news portal le360.
“The plant will start in 2019 and we will double its size by 2020 to go from 100,000 to 200,000 cars produced per year,” said the PSA group management source. The PSA Group plans to inject in its Kenitra plant a total amount of €550 million.
“The partnership between PSA Group and Morocco is working well, and the success of our brand in Africa, the Middle East and worldwide justifies the need to increase our production capacity sooner than expected,” says the same source.
As a reminder, the first car engine was assembled in the Kenitra plant this year and the assembly of the first cars began last July.