CHILE: Concha y Toro plans 15% growth
Concha y Toro winery is expecting sales to grow by a further 15% in 2005, after it achieved 18% sales in 2004.
Concha y Toro, which is owned by the Guilisasti family, is Chile's most important wine exporter. In the first 11 months of 2004 its export sales totalled US$132.4m.
The company is planning to focus on its range of Carmenere-based wines in 2005, including the Casillero del Diablo and Terrunyo brands.
Concha y Toro already has around 600 hectares planted with Carmenere out of a total of 5,000 hectares and is planning to plant more in 2005. It is also hoping to boost exports of Casillero del Diablo to 2m cases this year from 1.5m cases in 2004.
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