South American Real Estate News

Chile winemaker Concha y Toro will invest $60 million during 2012

Gateway to South America on 24/04/2012 - 12:56 in Chile – General

Post available in: English

Chile winemaker Concha y Toro will invest $60 million into its own business during 2012, chairman Alfonso Larrain told reporters.

Concha y Toro, one of the world’s biggest wine exporters, is focusing its business strategy on premium wines to offset the stronger peso and rising production costs.

Concha y Toro reported sales of 87.99 billion Chilean pesos ($180.22 million) during 2012’s first quarter, a 13.5% increase on-year after it acquired Brown-Forman Corp.’s (BFA, BFB) Fetzer Wineyards in the U.S. for $238 million in 2011.

Concha y Toro will spend most of its $60 million investment plan in plantations in Chile, Larrain said.

The winemaker’s 2012 investment plan is significantly lower than last year’s as the company doesn’t plan to make another big acquisition this year, Larrain said.

Nearly 50% of Concha y Toro’s CLP422.74 billion 2011 revenue came from Europe.

Larrain said the winemaker looks with concern at news over the euro-zone crisis.

Regarding the company’s business strategy, Larrain said Concha y Toro is focusing more and more on its premium wines, where it can get higher prices.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Uruguay and Chile, providing expert advice on property acquisition and investment tours.

The Gateway Team – When You are Serious About Property

(Visited 73 times, 1 visits today)

About Gateway to South America

Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. If you enjoy reading our news site please share it on your social media below.

Post available in: English


Comments from our readers

Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on PinterestCheck our RSS Feed