Treasury uncorks top shelf Barossa wine plant

TWE, which produces a number of main South Australian wine manufacturers together with Penfolds, Wolf Blass, Wynns and Pepperjack, says the state-of-the-art wine manufacturing facility in Nuriootpa has the capability to provide greater than 100 million litres of wine yearly.

The positioning is adjoining to TWE’s Wolf Blass Customer Centre and likewise homes the corporate’s largest bottling operation, packaging as much as 216 million bottles per 12 months, working 4 bottling traces, and exporting to greater than 70 international locations.

Introduced in 2019, the growth of the Wolf Blass Bilyara website has elevated the corporate’s premium winemaking capability by one-third and expands TWE’s storage capability.

Unveiled this morning, the improve additionally contains one other manufacturing line, processing infrastructure and extra barrel storage services.

TWE says the location now employs about 400 everlasting group members and as much as 600 throughout peak classic durations.

In February, the corporate reported a half-year revenue of $109 million regardless of a ten per cent dip in earnings.

Nevertheless, TWE’s premiumisation push allowed it to extend its web gross sales income per case by 16 per cent to $95.60. Greater than 80 per cent of income is now generated by its premium and luxurious portfolios.

The corporate was topic to China tariffs of 175.6 per cent slapped on its wine in late November 2020, that are in place for not less than one other 4 years.

This prompted TWE to separate the corporate into three divisions – Penfolds, Treasury Premium Manufacturers and Treasury Americas from July 1.

TWE Chief Provide Officer Kerrin Petty stated the brand new facility demonstrated the main premium wine firm’s dedication to South Australia and its continued concentrate on innovation within the wine sector.

“It’s a proud second to unveil our new Barossa wine manufacturing facility, which has been two and a half years within the making via the challenges of the pandemic,” he stated.

“The brand new website is purpose-built for premium winemaking with the flexibleness to scale up or down manufacturing relying on demand, which is essential given the ebbs and flows of wine manufacturing.”

It website additionally features a 4500 sq m Icon Cellar Constructing to showcase “world finest follow for luxurious winemaking” and offers guests with VIP experiences and winemaking excursions.

TWE produces Australia’s most well-known luxurious wine Penfolds Grange.

Petty stated the mission moved the corporate nearer to its environmental targets.

“As our first step towards our goal of being powered 100 per cent by renewable power by 2024, we’re putting in photo voltaic panels to offset 22 per cent of the location’s power consumption from the grid,” he stated.

“We now have additionally put in a purpose-built 254 megalitre dam to retailer handled water waste in winter and irrigate our vineyards in summer time.”

The manufacturing enhance follows a acutely aware transfer by TWE to shift its focus from China to the US.

In November, TWE introduced a deal to purchase luxurious Californian wine enterprise Frank Household Vineyards for $432 million as a part of its renewed premium focus in the US.

The corporate has additionally expanded world gross sales of its 19 Crimes model, a favorite in North America, to greater than 5 million 9-litre circumstances a 12 months.

It additionally final 12 months divested a number of US manufacturers, which generated money proceeds of about $300 million.

TWE’s share worth was up barely this morning to $11.08, giving it a market capitalisation of about $8 billion.