GLOBAL: Treasury Wine Estates eyes vineyards in cooler regions - report

By | 15 April 2013

TWE is aiming to acquire vineyards in coolers regions

TWE is aiming to acquire vineyards in coolers regions

Treasury Wine Estates (TWE) is looking to buy vineyards in cooler areas as the impact of climate change takes effect, the company's CEO has revealed.

In an interview, quoted by Bloomberg last week, David Dearie said the group's acquisition teams are looking at sites in the state of Tasmania. “As the world heats, Tasmania’s very well positioned because of the cooler climate,” Dearie was quoted as saying.

“We’ve got out of places like the Hunter (valley). In the longer term, I think it will be hot and dry and expensive.”

Dearie also said the Melbourne-headquartered company, formerly part of Foster's Group, is looking to source more high-quality land in the US, Australia and New Zealand to meet demand for premium wines. 

He also revealed the company is eyeing vineyards in France to help it break into the Asian market, but that prices are currently too high. 

In February, TWE reported a sharp drop in half-year net profits and a dip in sales due to rising costs.


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Top 500 Wine Producers (Global)

This report is an in-depth financial evaluation of the Global Wine Producers. Using the unique Plimsoll method of analysis, each of the largest 500 companies is individually assessed and ranked against each other and compared to industry averages.Using the most up-to-date financial information available, the two-page per company analysis provides detailed financial analysis for each organisation. The following are some of the key findings of this new report:

Sectors: Emerging markets – BRIC, Wine

Companies: Treasury Wine Estates, Foster’s

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