Alstom Invests €150M to Expand Train Production in France
(Reuters) - French train maker Alstom on Friday announced a more than 150 million euro ($166 million) investment plan aimed at increasing production capacity at its sites in France.
Alstom, which makes trains and signalling systems for urban and regional rail networks, added that 20% of the total investment will fund the opening a new assembly line for Avelia very high-speed trains at Alstom’s Valenciennes Petite-Foret site.
The group said the aim is to meet growing local and international rail market demand and the investment will create 1,000 jobs in France this year.
($1 = 0.9037 euros)
(Reporting by Anna Peverieri; Editing by David Goodman)
