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HAVANA, November 1 - (Juan Carlos Linares, Cuba-Verdad / cubanet.org) - A
joint venture between the Spanish concern Agrove and the Cuban Ministry of
Construction went bankrupt, saddling the Spaniards with a 230,000 dollar loss,
revealed an employee.
The joint venture, Gestcons, had been formed to construct windows, doors and
other metallic structural elements, with production intended mostly for the
domestic institutional sector, initially the repair of schools and hospitals.
The source said when initial plans proved not profitable, the company
decided to market its production to the tourist sector, but that its products
were of lesser quality than their imported competition. Finally, the company
tried to make less costly windows, and when that turned out not to be
successful, the Spanish side decided to pull the plug.
According to the source, the production facility employed 12 workers, and
the company had 30 administrative personnel.
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