FRANCE: Moet Hennessy to build second Cognac bottling site
Moet Hennessy is investing in increasing its operations in Cognac, France
Moet Hennessy is set to build a new bottling plant for its Hennessy Cognac brand after acquiring a 30-hectare plot of land on the outskirts of Cognac.
The company, which is part of the French, luxury brands group, LVMH, confirmed to just-drinks last week that the purchase is a result of its inability to expand its existing facilities in the suburbs of Cognac. The facility is scheduled to begin operations in 2016-2017.
The company did not disclose financial details behind the acquisition.
"A couple of years ago, we announced plans to increase annual output from 5m 12X70cl cases (in 2010) to 10m cases by 2025-2030,” a spokesperson for Moet Hennessy told just-drinks. “The land acquisition is one of the first stages in this project taking shape.”
At the end of last year, a new EUR10m (US$12.9m) fully-automated packaging line entered service at Hennessy's existing Cognac base.
As well as the packaging line and the bottling plant, Moet Hennessy said it will also invest in increasing its storage facilities in the region.
Last month, Moet Hennessy posted a marked slowdown in its sales during the first three months of the year.
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