Chilean wine producer Viña MontGras expects the company to report a 15% rise in revenues this year, with sales reaching US$14.4m, according to local reports.

According to the reports, the company's long-term aim is to double sales, reaching $24bn in annual revenues by 2010 or 2012.

CEO Patricio Middleton was quoted as saying that 96% of the company's output is exported to Europe, while the remaining 4% is sold domestically.