Tuesday, November 22, 2011

Catalan glasses manufacturer Etnia Barcelona sets joint venture in China

From http://www.expansion.com/2011/11/20/catalunya/1321823146.html (in Spanish)

Etnia Barcelona, a Catalan company specialized in manufacturing glasses, has invested 400,000 euros in a new production plant in Shenzhen and has created a joint venture in China with the Hong Kong based company Future Visionaries. Each of the two companies will hold half of the shares of the new one, which is expected to produce up to 800,000 units per year and increase sales up to 35 million € by 2014. Etnia Barcelona, based in Esplugues de Llobregat (Barcelona province), has 195 employees and exports account for 87% of its sales.

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