French wine giant Groupe Castel is to invest between €100 million and 150 million to increase its output through a new facility in Blanquefort, near Bordeaux.
This will result in a rise in annual production from 800,000 hectolitres (about 120 million bottles) to 1.3 million hectolitres by the opening quarter of 2017, LaTribune.fr reports. 70 new people will be recruited to assist in the development.
Furthermore, Groupe Castel plans to build a new warehouse which is to be 34,000 square metres (with 900 square metres of office space). Within this will be a storage capacity of about 30 million bottles.
Jean-Bernard Castel, president of the group, said, “We hope that the investment will be closer to €100 million [as opposed to €150 million].
“We have reached a point in our development whereby we are beginning to see our ambitions take form. Thanks to the good offices of the mayor of Blanquefort and the Bordeaux Métropole, we have been able to proceed very quickly in terms of acquiring the site, which we hope will contribute to our growth for decades to come.”
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
