From http://www.expansion.com/2011/03/21/empresas/distribucion/1300663818.html (in Spanish)
Catalan clothing company Mango has made a bold move by not choosing Paris or Milano to present their collections abroad, but by choosing Istanbul, Moscow and Shanghai. On March 19th, 2011, Mango presented for the first time his collection in China, where it has 134 shops and were it has opened a new office in Shanghai, as explained in a previous post at sinalunya.com.
Tuesday, March 22, 2011
Barcelona port may steal chinese traffic to northern european ports
From http://www.expansion.com/2011/03/21/catalunya/1300747457.html (in Spanish)
A recent study has concluded that Spanish mediterranean ports, mainly Algeciras, Barcelona and Valencia, may steal up to 15% of traffic to northern european ports like Antwerp and Rotterdam in a timespan of 10 to 15 years. The authors Jacint Soler and Lijing Ye presented the study in the Barcelona offices of Casa Asia and stated that joint promotion efforts and new railroad lines are needed, but that factors such as the increase in the oil prices and the greater depth of Spanish ports as compared to Italian ones may be instrumental for this mid-term shift of tendency. The complete report can be downloaded from the website of Casa Asia at http://www.casaasia.cat/media/asset_publics/resources/000/005/182/original/201009estudiports.pdf.
A recent study has concluded that Spanish mediterranean ports, mainly Algeciras, Barcelona and Valencia, may steal up to 15% of traffic to northern european ports like Antwerp and Rotterdam in a timespan of 10 to 15 years. The authors Jacint Soler and Lijing Ye presented the study in the Barcelona offices of Casa Asia and stated that joint promotion efforts and new railroad lines are needed, but that factors such as the increase in the oil prices and the greater depth of Spanish ports as compared to Italian ones may be instrumental for this mid-term shift of tendency. The complete report can be downloaded from the website of Casa Asia at http://www.casaasia.cat/media/asset_publics/resources/000/005/182/original/201009estudiports.pdf.
Friday, March 18, 2011
Spanish car maker SEAT soon to sell cars in China
From http://www.expansion.com/2011/03/11/catalunya/1299837128.html (in Spanish)
Volkswagen-owned Spanish car maker SEAT announced that will start selling cars in China by 2012. As a first step, the company will attend the 2011 Auto Shanghai on April 21st to 28th. SEAT president, James Muir, announced that the cars to be sold initially in China will be produced in the Martorell factory (Barcelona province). These future sales in China are expected to help SEAT get away from red numbers (311 million euros of losses in 2010) and return to benefits by 2013, as announced by Hans Dieter Pötsch, finantial director at Volkswagen. In contrast, 2010 was the best year in history of Volkswagen, with a net profit of 7.2 billion euros, an eight-fold increase from 2009.
Volkswagen-owned Spanish car maker SEAT announced that will start selling cars in China by 2012. As a first step, the company will attend the 2011 Auto Shanghai on April 21st to 28th. SEAT president, James Muir, announced that the cars to be sold initially in China will be produced in the Martorell factory (Barcelona province). These future sales in China are expected to help SEAT get away from red numbers (311 million euros of losses in 2010) and return to benefits by 2013, as announced by Hans Dieter Pötsch, finantial director at Volkswagen. In contrast, 2010 was the best year in history of Volkswagen, with a net profit of 7.2 billion euros, an eight-fold increase from 2009.
Wednesday, March 16, 2011
Catalan software company Zyncro plans worldwide expansion
From http://www.expansion.com/2011/03/09/catalunya/1299657167.html (in Spanish)
Catalan software company Zyncro, with offices in Barcelona, Silicon Valley (US) and Tandil (Argentina) has received an increase of capital of 1.2 million euros, which shall be instrumental in its future worldwide expansion. Zyncro plans to land in countries like Italy, France, Germany, Sweden, Russia, México, Brazil, Chile, Perú, Israel, Pakistan, Japan and China. Simultaneously, since February 1st, 2011, Zyncro has launched an English version of its blog, which can be read at http://en.blog.zyncro.com.
Catalan software company Zyncro, with offices in Barcelona, Silicon Valley (US) and Tandil (Argentina) has received an increase of capital of 1.2 million euros, which shall be instrumental in its future worldwide expansion. Zyncro plans to land in countries like Italy, France, Germany, Sweden, Russia, México, Brazil, Chile, Perú, Israel, Pakistan, Japan and China. Simultaneously, since February 1st, 2011, Zyncro has launched an English version of its blog, which can be read at http://en.blog.zyncro.com.
Tuesday, March 15, 2011
High inflation persisted in China in February
From http://www.ft.com/cms/s/0/96702c28-4b9a-11e0-89d8-00144feab49a.html (in English)
The inflation rate in China rose by 4.9% in February 2011, specially because of the increase on food prices, which were 11% higher from one year earlier and that rose by 0.7% since January. However, China’s central bank governor showed its confidence that the inflation rate will be kept below the target of 4%.
The inflation rate in China rose by 4.9% in February 2011, specially because of the increase on food prices, which were 11% higher from one year earlier and that rose by 0.7% since January. However, China’s central bank governor showed its confidence that the inflation rate will be kept below the target of 4%.
Monday, March 14, 2011
Annual inflation rate in Catalonia – February 2011
From http://www.expansion.com/2011/03/11/catalunya/1299837637.html and http://www.ine.es/daco/daco42/daco421/ipcpro0211.pdf (in Spanish)
Inflation rate in Catalonia increased 0.1% in February and interannual values reached 3.6%, as well as in overall Spain. Among the four Catalan provinces, Girona had the highest increase (0.4%) and the highest rate (4.1%), followed by Lleida (0.3% and 3.8%), Tarragona (0.3% and 3.7%) and Barcelona (0.1% and 3.5%).
Inflation rate in Catalonia increased 0.1% in February and interannual values reached 3.6%, as well as in overall Spain. Among the four Catalan provinces, Girona had the highest increase (0.4%) and the highest rate (4.1%), followed by Lleida (0.3% and 3.8%), Tarragona (0.3% and 3.7%) and Barcelona (0.1% and 3.5%).
Chinese multinational Double Star Group will settle in Catalonia
From http://www.catalannewsagency.com/news/business/chinese-doublestar-group-open-its-european-headquarters-catalonia (in English)
Double Star Group, a Chinese multinational company that distributes rubber-derived products, has chosen Catalonia as their base to supply European and Northern African markets. It is expected that initial investment by Double Star Group will be somewhere between 12 and 14 million euros and that the company will employ 75 people. This agreement has become reality thanks to the Chinese-Spanish Commercial Office (OCHE), under the direction of Esteve Solanes. Double Star Group has 140 companies and employs more than 40,000 workers
Double Star Group, a Chinese multinational company that distributes rubber-derived products, has chosen Catalonia as their base to supply European and Northern African markets. It is expected that initial investment by Double Star Group will be somewhere between 12 and 14 million euros and that the company will employ 75 people. This agreement has become reality thanks to the Chinese-Spanish Commercial Office (OCHE), under the direction of Esteve Solanes. Double Star Group has 140 companies and employs more than 40,000 workers
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