Search Results for: Spain

BY KEITH NUTHALL

A EURO EUR6million research project will see scientists collect, isolate and classify marine organisms, including sea anemones, tunicates and micro and macroalgae, from the world’s seas and oceans, and look for active biochemicals with potential medical uses. The 2010-1014 MAREX project is coordinated by the University of Helsinki, Finland, working with researchers from Belgium, Britain, Chile, Finland, France, India, Italy, Lebanon, Poland, Slovenia, Spain, Sweden and Turkey.…

BY GERARD O’DWYER

Sweden’s cheap’n’chic fashion group Hennes & Mauritz (H&M) plans to use its strengthened financial position to roll-out new stores. However, construction hold-ups in southern Europe, with retail space shortages, will reduce the number of planned new openings worldwide in 2010 by around 20 to 220 stores

"We have had to curtail our new opening targets.…

BY MJ DESCHAMPS

DESPITE split opinions within the European Union (EU), long-debated legislative proposals to introduce compulsory origin labelling in all EU member states are at last starting to look like becoming law.

All clothing, shoes and textile products imported into the European Union (EU) would have to carry origin labels under a harmonised EU-system under the proposal.…

BY OSAMA DIAB

THE EGYPTIAN Refining Company (ERC) signed a deal in August to build a US dollar USD3.7 billion second-stage greenfield refinery adjacent to the existing Mostorod refinery 40 kilometres northeast of Cairo. The purpose of the new hydro-cracking and coking refinery is to take its needs of fuel oil from the nearby Mostorod refinery owned by the Cairo Oil Refinery Company, the biggest oil refining company in Egypt contributing 20% to Egypt’s oil refining capacity, and transform it into lighter fuel such as ultra-low sulphur diesel.…

BY ROBERT STOKES

A SURGE in e-book reading in Spain coincides with exhibition space being devoted to digital publishing for the first time ever at LIBER, the International Book Fair for the Spanish speaking world, from Wednesday to Friday this week in Madrid.…

BY PACIFICA GODDARD, KARRYN MILLER, GARRY PIERRE-PIERRE, KEITH NUTHALL

FOR niche spirits, obscure can be good – and so products made in countries not renowned for their spirits production can gather export market cache. Latin America and the Caribbean are regions where effort by buyers can pay dividends.…

BY ROBERT STOKES

EXPORT development and digital trends dominated discussion at the 30th annual staging of Liber, Spain’s leading book fair, in Barcelona last week.

With Spain still gripped by recession, short-term hopes rest on exports and e-books. Government figures released at Liber showed book exports of all kinds rose 5.4% to EUR482 million (GBP402 million) in 2011.…

BY ROBERT STOKES

SPANISH bookshops suffered an overall 6.2% drop in the value of book sales in 2010, a survey for their national association suggests, as the Madrid book fair LIBER wraps up today (Friday). The decline found by consultants BCF marked a reversal in fortunes after a strong recovery that bucked Spain’s deep economic crisis in 2009.…

BY MEGAN DETRIE

A KEY figure in the Egyptian textile industry has called on his government to invest in the two companies recently re-nationalised, following a court decision which ruled illegal their privatisation by the deposed Mubarak regime.

Judges said that the Shebin El-Kom Textile Company (which has major international clothing sector clients), and the Tanta Company for Linen and Derivatives (which does not sell to the clothing sector) had been sold off without sufficient due process, restoring the companies’ ownership to the state.…

BY KEITH NUTHALL

RETAIL – WINNERS AND LOSERS

WINNERS

H&M

The Sweden-based brand expanded across the world this year, planning to open 220 new stores, mostly in western Europe and the US. Hennes & Mauritz’ (H&M) third quarter sales of SEK26.89bn (US$4bn) showed a sharp 14% increase on the previous quarter.…