French To Invest In Iran

ARC International, the French glass tableware maker, is to acquire Iran's glassware maker Noritazeh to give it better access to regional markets for high quality glassware and to allow it to re-enter the EU market for lower cost items. Noritazeh is located south of Tehran and was set up by a glassware trader from Dubai in the UAE. It had started to build a second furnace and requested technical assistance from ARC.