Czech TPCA car plant announces 76.2 million euro rise in turnover
(PRAGUE) - Toyota and Peugeot Citroen's joint venture Czech car plant TPCA on Thursday announced a 1.9-billion-koruna (76.2-million-euro, 116-million dollar) rise in 2007 sales to 51.3 billion koruna compared with 2006.
The figures are based on preliminary unaudited results.
The manufacturer, based near the central Czech town of Kolin, in January disclosed a 5.0 percent rise in car production last year to 308,478 vehicles compared with 2006.
Under a collective deal with unions, wages will rise by 7.0 percent from April this year, the company added. Annual inflation in the Central European country rose to a near 10-year high in January of 7.5 percent.
The TPCA plant produces the Toyota Aygo, Peugeot 107 and Citroen C1 with almost all production destined for export, mostly to Europe.
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