Vincon invests 3.5m euros in equipment

Wine and spirits maker Vincon Vrancea estimates sales will reach 17 million euros this year, up 6% from the previous year. It also announced it would invest 3.5 million euros in buying equipment. “Competition is fierce on the market. If we want to stay competitive, we need to invest. We want to make 100% natural products, because I am convinced these will be the only ones still on the Romanian market in 2007,” chief executive Georgel Costache said. The company has invested more than 5.5 million euros over the last three years in a grape processing facility, as well as in several wine storage and conditioning tanks made of stainless steel. The capacity of each tank reaches 15,000 litres. Investments were also directed towards 250 litre oak barrels used for red wine storage. ZF