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Cortefiel allies with the ScarVic group to land in China

Published on March 7, 2012

 
Read Cortefiel allies with the ScarVic group to land in China

The Spanish textile company Cortefiel has informed in a recent communique that they have allied with ScarVic in order to foster an expansion plan in China, where they will open 800 sales points in the next years.

Cortefiel wants to begin their expansion in the Chinese markets next fall using their leading brands Springfield and Pedro del Hierro. In order to do that, they will have not only their own stores but also sales corners in shopping malls.

ScarVic, Cortefiel’s partner in the alliance, is an entity shared by the English company Scarborough and Avic Trading, a subsidiary of Avic, one of the largest Chinese public companies. Together, Avic and Scarborough, control the Rainbow shopping malls chain, which has ...

Telefónica commits to maintain their shares in China "forever"

Published on Feb. 29, 2012

 
Read Telefónica commits to maintain their shares in China "forever"

According to Bloomberg, the Spanish telecommunications operator has announced their compromise to maintain their 3.000 million euros share in China Unicom, the second largest telecommunications company in China.

César Alierta, president of the Spanish company, announced In the Mobile World Congress that is taking place in Barcelona these days their intention of growing up in emerging markets like Latin America and China. Alierta declared, after a meeting with a China Unicom’s chief, that “The compromise with China Unicom is totally stable and we do not have any intention of abandoning it”. Alierta also stated “We consider our agreement as a long term strategic alliance and we will maintain it forever”

After nine consecutive years with huge growths in ...

Vice Prime Minister of the Russian Federation Igor Sechin declared the settlement of the “oil issue” between Russia and China

Published on Oct. 29, 2011

 
Read Vice Prime Minister of the Russian Federation Igor Sechin declared the settlement of the “oil issue” between Russia and China

“We have managed to settle everything. An agreement has been reached. It allows to completely eliminate all bilateral claims – on the one hand, claims about different coefficients, on the other hand – about the payments”, – Igor Sechin commented, while answering to the journalists, whether the parties had succeeded in solving the problems, related to oil deliveries to China.

“A market solution, which reflects the current market parameters, has been found. It hasn’t provoked a conflict, it is a civilized solution”, – noted the Vice Prime Minister of the Russian Federation.

According to his words, “the item is no longer in the agenda”. Giving the answer to the question, when the debt for the deliveries of the Russian oil would be redeemed ...

Solaria signs strategic agreement to expand activity in Asia

Published on Sept. 29, 2011

 
Read Solaria signs strategic agreement to expand activity in Asia

Solaria Energía y Medio Ambiente, S.A., the only solar company listed in the Spanish Stock Exchange, has signed up an agreement with the chinese company Dongfang Electric Corporation (DEC). Through this agreement both companies establish the baselines for commercial cooperation and development in Asia. Also, Solaria obtained a purchasing Cerdit Line of USD 30 million from DEC to purchase solar cells and other turnkey projects components. In addition, both companies, DEC and Solaria, will co-invest worldwide with a target pipeline of 100 MW per year.

This agreement shows the commitment of the company for the internationalization of its services and products. The entry into the chinese market, one of the current strategic core growth markets,  is a very ...

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