Industry in France
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IRAN, 2017/08/28
French auto giant Peugeot Citroen (PSA) said Thursday world sales rose slightly in the initial half with its Iran comeback compensating for problems in China where volumes plunged by almost 50 %.
Between January and June, PSA's sales in China fell by 48.6 % to 152,380 units, while in Europe, its major market, turnover was down 1.9 % to 1.03 million units, largely due to a poor performance by its luxury DS brand.French auto giant Peugeot Citroen says global sales rise slightly with Iran comeback, despite problems from China market.
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FRANCE, 2015/11/23
Industrial output in France inched up by 0.1 % in September next gaining ground a month before, the national statistics bureau Insee revealed on Tuesday.
Next increasing by 2.2 % in August, manufacturing activity remained unchanged in September with falling output in transport equipment and other manufacturing offsetting a sharp increase in coke and refined petroleum products, according to Insee's monthly data.
As several refineries went back to full production, the manufacture of coke and refined products was the star performer with 22.4-% increase. Meanwhile, transport sector output lost 1.5 %, driven down by a 8.1-% fall in auto manufacturing over the period next it had risen by 14.5 % in August.
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FRANCE, 2015/07/01
The grand opening of Renault factory in Morocco on Thursday stirs controversy in France. The new facility was opened in Tangiers and is aimed at producing new “low cost”models directed to Europe and Africa.
With the approaching presidential elections, the issues was addressed by a lot of politicians. The former French Industry Minister Christian Estrosi accused the CEO of Renault-Nissan of “not keeping his commitments vis-à-vis the French national.” No. 2 in the National Front, Louis Aliot,spoke about a “scandal” resulting from “absolutely crazy system.”
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FRANCE, 2015/06/25
HM King Mohammed VI of Morocco chaired, on lat Friday in Rabat, the signing ceremony of an agreement between Morocco and French group PSA Peugeot Citroen providing for the setting up of an automobile factory in the integrated industrial platform "Atlantic Free Zone" in the region of Gharb Chrarda Bni Hssen.
Next highlighting the positive results of the automobile industry as the initial exporting sector in Morocco in 2014, Minister for Industry, Trade, Investment and Digital Economy Moulay Hafid Elalamy said that the new plant reflects the trust that Morocco enjoys part leading car manufacturing groups.
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FRANCE, 2013/08/24
Turkish automaker Karsan said on Tuesday that its arrangement to build Renault Trucks in Turkey will not be renewed next the current six-year transaction expires in November, as World Bulletin reports.
Volvo, which owns Renault Trucks, announced on Tuesday it had terminated a arrangement for local assembly in Turkey and that the new range of Renault trucks will be manufactured in France. Volvo said that termination would have a negative impact on the group\'s operating gain in the third quarter of 2013.
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FRANCE, 2013/08/12
French aircraft manufacturer Airbus is planning to invest in a plant in Turkey where a subsidiary of it will manufacture various electronic and mechanical aircraft components, daily Hurriyet reports quoting some sources.
The company has acquired a plot of land in the European Free Zone (EFZ) in the Thracian province of Tekirdag, the reports quoted the owner of the land as saying. \'\'Airbus has acquired an area of 10,000 square meters in EFZ,\'\' said Kemal Sahin, the chairman of Sahinler Holding, the owner and operator of Turkey\'s major private industry park.
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FRANCE, 2012/12/22
ArcelorMittal said the non-cash charge would be taken "due to a weaker macro economic and market environment in Europe where apparent steel request has fallen by approximately 8pc this year, bringing the cumulative request decline to approximately 29pc since 2007."
In a statement on Friday, ArcelorMittal added that net debt and operating profit, inclunding compliance with debt covenants, would be unaffected by the impairment, although the writedown would affect the company's net profit, which it is due to statement on February 6.
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FRANCE, 2010/09/12
French industrial production rose in July as the world economic recovery prompted companies to renew investment . Output rose 0.9 % from June, at the same time as it dropped 1.7 %, Paris-based national statistics office Insee said in a statement today. Economists had estimate a 0.7 % gain, according to the median of 13 estimates in a Bloomberg News survey.
