Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Babich Wines Look to Expand in Marlborough


Babich Wines Look to Expand in Marlborough

The 96 year old New Zealand wine company, Babich Wines Limited, announced today the sale of their 50% share of the Marlborough winemaking facility, Rapaura Vintners Limited to Treasury Wine Estates.

Rapaura Vintners Limited, an integrated winery, packaging and warehouse facility has been invaluable for Babich over the last 12 years as they have continued to grow production and sales of their Marlborough wines.

Babich Wines will now look to build their own state of the art facility in Marlborough – a move that will give the family owned wine company full control over their future winemaking in the region, where over 80% of the company’s production comes from.

“Rapaura Vintners has been outstanding in its capability to deliver high quality production outcomes, however we decided recently that it would be timely to construct our own winery in Marlborough which would allow us to advance our focus on wine quality to an even higher level.” said David Babich, General Manager.

The company head office remains on the outskirts of Auckland City on the vineyard property the family have owned for over 100 years.

The Babich brand which was named in the "TOP 50 WORLD'S MOST ADMIRED WINE BRANDS" by Drinks International earlier in the year, is sold worldwide in more than 35 countries.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news