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April 11, 2003

CHILE: Undurraga to invest US$10m

The Chilean wine company, Vina Undurraga, has announced plans to invest US$10m in expanding its production and warehousing facilities over the next three years.

The Chilean wine company, Vina Undurraga, has announced plans to invest US$10m in expanding its production and warehousing facilities over the next three years.

Some US$3.5m of the total will be invested during 2003. Undurraga said it expects to increase exports by 10% in 2003. The company exported 63% of its output in 2002.

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