22.01.04

22.1.2004: Meldung: Veolia and Peugeot sign partnership contract worth €1 billion

PSA Peugeot Citroen, Europe"s second biggest automobile manufacturer, has selected Veolia Environnement as its partner to operate the environmental services of its production plants in eastern France, located in Sochaux, Mulhouse, and Vesoul. The contract scope covers all the activities and know-how of Veolia Environnement"s divisions: production and distribution of energies and fluids, general and technical cleaning services, operation of the industrial waste management process, water and wastewater treatment, management and disposal of empty packaging, management of rail tracks and rail motor tractors, power distribution at the sites and the management of specific technical systems.

The contract will be operated by Société d"Environnement et de Services de l"Est, a joint subsidiary set up by PSA Peugeot Citroen and Veolia Environnement. The 10-year contract represents cumulative revenue of over €1 billion for Veolia Environnement. More than 1,000 PSA Peugeot Citroen employees joined the Société d"Environnement et de Services de l"Est on January 1.

Henri Proglio, Chairman and Chief Executive Officer of Veolia Environnement, said: "We are very proud to partner PSA Peugeot Citroen: this contract is the biggest we have ever signed with an industrial company. It"s a success that rewards the efforts we have made over the past few years to increase our services to industry. It also confirms our credibility and illustrates our capacity to support clients in their projects and offer them tailor-made solutions suited to each particular site."

In 2002, industrial services generated one-third of Veolia Environnement"s revenue. Clients include such major international corporations as Arcelor, Novartis, BP, Solvay, Aventis, Total and Renault.

Veolia Environnement is world leader in environmental services. The company has operations all around the world and provides tailored solutions to meet the needs of industrial and municipal customers in four complementary segments : water, waste management, energy and passager transportation. Veolia Environnement recorded revenue of €30.1 billion in 2002.

Source: Veolia Environnement
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