US: Napa Valley wineries urged to help earthquake-hit colleagues
The Napa Valley Vintners are talking down the impact the earthquake may have on wine from the region
Wineries in California's Napa Valley are being encouraged to help out neighbouring producers affected by Sunday's earthquake, the worst in the area for 25 years.
A 6.1 magnitude earthquake, which struck at 0320 local time on Sunday, affected southern parts of Napa and Sonoma counties. In a statement yesterday, trade organisation Napa Valley Vintners (NVV) said: “The primary needs are for temporary crush facilities, barrel storage, loans of winery equipment and legal, accounting and insurance advice.”
The trade group said it will also offer an educational session for wineries later this week.
NVV said some producers suffered structural damage to winery buildings, tank and equipment damage, substantial losses of barreled wine and bottle breakage ranging from a few bottles to several thousand bottles. The Wine Institute admitted earlier this week some firms had seen a loss of stock.
In a statement to just-drinks, Treasury Wine Estates said it did lose some Napa Valley Cabernet at its Etude winery in Carneros, but only “a handful” of barrels broke. Around 700 barrels came off the racks, but 90% were empty, it said.
Across its operations in the region, TWE said there had been “very little impact”.
NVV said it did not yet have financial estimates related to the losses.
Despite media reports highlighting the impact the earthquake has had on affected producers, the trade group stressed: “Neither the earthquake nor the recent drought are expected to have a major impact on the supply or the price of Napa Valley wine for the foreseeable future.”
On the 2014 harvest, which has recently started in the region, the group added: "Even some of the most significantly-affected wineries are getting back to work bringing in grapes from what is looking to be another excellent and abundant vintage."
Canadean's "Treasury Wine Estates Limited - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major prod...
Treasury Wine Estates has faced serious challenges since its spin-off from Foster’s Group in 2011. The US, which was a key component of its turnaround plan, has thus far failed to pay dividends. In 20...
The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global wine market during December 2013....
The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global wine market during February 2014....
- AB InBev, SABMiller - Here's what'll happen next
- Is time right for TWE to move for Diageo's wines?
- Is Brown-Forman at the end of the SoCo road?
- Will a sexed-up SABMiller tempt AB InBev?
- Is Brown-Forman doing a Jack Daniel's in Ireland?
- AB InBev makes formal offer for SABMiller
- Diageo secures Xerox Corp CFO as finance head
- Tesco pulls several Carlsberg SKUs in UK
- Diageo makes US$780.5m beer deal with Heineken
- SABMiller formally rejects AB InBev's offer
- The IWSR Duty Free/Travel Retail Summary Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research