On 25 May, just-drinks ran a story claiming that Viña Concha y Toro is looking to become the biggest wine importer into Argentina. Citing the Chilean company's president, Larrain Santa Maria, we said that the company is looking to invest around US$130m between 2005 and 2007 to raise wine output and to build new wine-processing plants.

The company have contacted us this week, to highlight an error in our report.

"Viña Concha y Toro has an operation in Argentina and it is developed by Trivento Winery, founded in Argentina in 1996," Blanca Bustamante, head of investor relations told just-drinks. "Trivento is a fully-owned sudsidiary of Viña Concha y Toro. The focus of the Argentine operation is to develop exports of Argentine wine to the world.

On the export front, Trivento Winery is currently number two in bottled wine by volume from Argentina with 780,000 cases and revenues of US$12m in the year to 31 December 2004.

"Viña Concha y Toro is not looking to become the biggest wine importer into Argentina," Bustamente continued. "Concha y Toro looks to enhance the position of Trivento Winery as exporter of Argentine bottle wine to the world."

We apologise for any confusion caused.