FRANCE: Remy Cointreau to invest EUR30m in Remy Martin facilities
Remy Cointreau is the latest company to invest in its Cognac production operations
Rémy Cointreau has lined up a EUR30m (US$38.7m) investment to increase the production capacity for its Cognac brand, Rémy Martin.
The company confirmed to just-drinks yesterday (29 May) that the move will result in capacity being upped by 30% over the next five years. The news follows Moet Hennessy's decision earlier this week to spend an undisclosed amount on a second bottling plant in the region.
Rémy Martin's site on the outskirts of Cognac has undergone a 4,200 square-metre extension and is expected to enter service this autumn.
While the number of production lines is set to be reduced from 12 to 10, they will offer far greater flexibility than the existing ones being able to accommodate both bottle and carafe packaging formats. They will also allow work to be organised around two daily shifts instead of a single one currently.
The company also intends to construct a new storage facility in Cognac, with a capacity of 40,000 hectolitres.
- Can craft breweries compete in lager arena?
- Remy Cointreau's Q1 performance by brand, region
- A Wild Geese, Pernod Ricard conspiracy theory?
- SABMiller's Q1 2017 results - Preview
- A snapshot of the UK spirits market - Focus
- New Hendrick's Gin would have to be "unusual"
- AB InBev faces US$7bn price rise for SABMiller
- Diageo starts formal talks over UK pension cuts
- Brown-Forman takes distribution in Spain in-house
- AB InBev halts VAIP incentive plan
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends