RUEIL-MALMAISON, France--(BUSINESS WIRE)--Regulatory News:
Groupe PSA (Paris:UG):
Faced with the compelling need for more respirators on its national territory, the French government has asked, on March 22, a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May. In response, Air Liquide, Groupe PSA, Schneider Electric and Valeo have set up a Task Force composed of about 30 purchasing and industrialization experts in order to define an action plan to increase the production of Air Liquide Medical Systems respirators, which are already referenced by a great number of hospitals in France and abroad.
To meet this industrial challenge, the exceptional contribution of 100 partner companies will also be sought so as to provide the 300 essential components that are necessary for the fabrication of these medical systems.
In addition to its participation in the task force which has mobilized its engineers full time since March 22, Groupe PSA is directly contributing to increasing production potential with the creation of a specific workshop in its Poissy factory with more than fifty volunteer employees, in order to be able to start producing the central block of the system, under the conditions of the reinforced health protocol implemented on our sites. These elements will then be delivered to Air Liquide for assembly and final checks at the Air Liquide Medical Systems industrial site in Antony.
In order to also provide human support to Air Liquide to strengthen its production in Antony, Groupe PSA will offer to volunteer employees of its Research and Development site in Vélizy to join the Air Liquide factory in Antony, located a few kilometers. These employee volunteers will be part of an initiative that the Group is implementing: "The PSA reserve" which will be made up of employee volunteers.
Groupe PSA's social partners are in support of the company's contribution to manufacture ventilators for hospital.
About Groupe PSA
Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its ‘Push to Pass’ strategic plan represents a first step towards the achievement of the Group’s vision to be “a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships”. An early innovator in the field of autonomous and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia..