FRANCE: Moët & Chandon to invest EUR30m to up capacity
LVMH Moët Hennessy to up Champagne capacity
LVMH-owned Moët & Chandon has begun work on a EUR30m (US$42.6m) project that will increase its Champagne production and storage capacity by 20% on current levels.
The company had put the project on hold when the global economic crisis broke in 2008, but a rebound in demand for Champagne has prompted the group to dust off its plan.
Moët & Chandon’s director of operations, Bernard Decottignies, told just-drinks today (12 May) that the 6,000 square-metre building will house 137 individual vats with a total capacity of 100,000 hectolitres.
“This project is designed to provide scope for us to accommodate strong growth in business, our forecasts showing that in 2014 sales will surpass the record volumes posted in 2007," Decottignies said.
The building is scheduled for completion at the end 2011 and the vats will enter service with the 2012 harvest.
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