Renault: sells part of land at Douai Site

(CercleFinance.com) - Renault Group today announced that it has sold 148 hectares of land at its Douai plant to Douaisis Agglo and the Etablissement Public Foncier Nord (EFP).


This land transaction will enable Renault ElectriCity to improve the compactness of its Douai site and to optimise the structural and operating costs of the new entity.

The Douai plant, spread over 270 hectares, is the group's plant that has the largest land area in France.

The new standards of competitiveness in the automotive industry require the compacting of facilities and an optimised use of each plot, it said.

Renault Group is also committed to paying the full cost of rehabilitating the land, which has been used for car production for almost 50 years.


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