ARGENTINA: Consumption of premium wine increases

By Company Press Release | 9 October 2000

Argentinean wine producers are feeling positive effects in their businessdue to the increase of premium wine consumption, locally and abroad.Covisan, the company of Mendoza acquired Suter for US$15mil a few monthsago. The investment was possible due to Banco Santander Central Hispano thatinvested US$25mil in the company, (of which 15mil in the acquisition ofSuter and the remainder to be invested in the company" expansion).Covisan-Suter is the third major winery in Argentina with a turnover ofUS$70mil per year and plans investments of US$10mil to boost sales in fiveyears. It opened a branch in Sao Paulo, an office in Great Britain andanother in California. Suter exports less than 10% of its wine production.Of Covisan-Suter" total turnover, 60% is from table wine and 40%, from threeyear old and premium wine. The company holds 5% stake in premium wine marketin the country. In table wine, Covisan-Suter controls around 15% of thesales.

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

Argentinean wine producers are feeling positive effects in their businessdue to the increase of premium wine consumption, locally and abroad.Covisan, the company of Mendoza acquired Suter for US$15mil a few monthsago. The investment was possible due to Banco Santander Central Hispano thatinvested US$25mil in the company, (of which 15mil in the acquisition ofSuter and the remainder to be invested in the company" expansion).Covisan-Suter is the third major winery in Argentina with a turnover ofUS$70mil per year and plans investments of US$10mil to boost sales in fiveyears. It opened a branch in Sao Paulo, an office in Great Britain andanother in California. Suter exports less than 10% of its wine production.Of Covisan-Suter" total turnover, 60% is from table wine and 40%, from threeyear old and premium wine. The company holds 5% stake in premium wine marketin the country. In table wine, Covisan-Suter controls around 15% of thesales.

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page