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Renault will begin to produce in his factory Santa Elizabeth, Province of Cordova, a new model with an investment near to the $ 200 millions in weight. The term of execution of the operation is 18 months and it will finish in December, 2008. The new model belonging to the segment of the medium ones, will take place in Cordova and in a beginning it will have a valuation of national integration of 50 % and regional of 79 %. During the first year, they hope to produce 35.000 units, of which 82 % will be exported. Also they will be invested in the course of 2007, approximately $ 50 millions in weight in the line Kangoo, in the manufacture of the version 3 doors of the Clio, which incorporates into the models 4 and 5 doors of current production and in investments you would qualify in ILASA, the plant of injection of aluminum of Renault. With these new investments in his plant of Santa Elizabeth, Renault will reach 100.000 cars produced annually, and this way there will deal 60 % of his entire capacity of production. This will generate an important increase of the activity in the factory creating 2 ° shift in the line of assembly and painting, the creation of 3 ° shift in the line of bodywork and the optimization of the activity for 3 ° pattern shift. Across these new models, Renault will generate approximately 1200 extra jobs, 400 of a direct way and other 800 through the network of local providers. Source: Press Renault