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FRANCE: Bouchard invests in wine facility

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Burgundy trader Bouchard Pere et Fils is investing around €13m in a new 10,000 sq.m wine-making facility at Savigny-les-Beaune. The company says the aim of the new facility is not to increase production capacity but rather improve the quality of its wines.

Bouchard expects the new facility, which will be able to process around 20,000 hectolitres of wine, to enter service in September 2005.

The company, which employs 185 staff, posted a 2003 turnover of €37m with exports accounting for 60% of the total. Bouchard has been a subsidiary of Champagne Henriot since 1995.

Turnover is expected to rise to €39.5m this year despite the poor economic climate which saw a 9% slump in Burgundy exports last year.


Sectors: Wine

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