NZ: Giesen Wines in NZ$3.5m investment

By | 19 December 2006

New Zealand wine producer Giesen Wines has invested NZ$3.5m (US$2.4m) on expanding its Blenheim winery and setting up a bottling plant in Christchurch.

Giesen Wines, New Zealand's sixth-largest wine producer, said the investment would enable it to boost production by two-thirds, or an extra 200,000 cases a year, within three years.

"We can't keep up with demand for our Marlborough Sauvignon Blanc and the Australian market, in particular, is doing very well for us," said general manager, Jim Veitch.

Giesen Wines is one of the New Zealand's largest independent wine producers. The country's wine industry buoyed by global demand for signature grape Sauvignon Blanc, has witnessed growing foreign investment in recent years.

Multinationals including LVMH Moet Hennessy Louis Vuitton, Constellation Brands and Pernod Ricard all own wine interests in New Zealand.

Sectors: Wine

Companies: LVMH, Constellation, Pernod, Ricard

View next/previous articles

Currently reading -

NZ: Giesen Wines in NZ$3.5m investment

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: Rodney Strong targets luxury outlets in US

Rodney Strong Vineyards has created a new position to focus on ultra premium outlets across the US.

Analysis - Potential bidders weigh up benefits of V&S move

The Swedish spirits producer V&S Group is up for sale and, with the global premium vodka brand Absolut as its prime asset, has attracted much attention from major international players. Jeremy Cunnington of Euromonitor International weighs up the pros and cons of a move for V&S facing the likely bidders.

US: Mondavi releases Woodbridge mini-pack

Robert Mondavi has unveiled a smaller, portable version of its Woodbridge wine brand in the US.

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