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Manufacturing
Spain – Bleak perspectives
The country\'s economic woes mean Spanish consumers are trading down, opting for value, yet increasingly diverse private label products from stores like Mercadona and El Corte Inglés. This said, premium brands are responding with renewed focus on innovation. And although corporate deal activity has been muted, this year saw Barcelona based supplier Lipotec acquire Lubrizol. Meanwhile, to balance slow domestic spend, Spanish brands are increasingly relying on export markets