Business Daily from THE HINDU group of publications Saturday, Jul 15, 2006 |
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Corporate
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New Projects UB Group to set up wine bottling plant at Baramati Our Bureau
Mumbai , July 14
After marking its foray into wine through the acquisition of French wine-maker Bouvet Ladubay for
Initially, wine will be imported in bulk, said UB Group Chairman Dr Vijay Mallya. The plant will be set up in six months, as part of the second phase and it will require an investment of
However, he told Business Line that the company will not look at indulging in viticulture and would rather enter into buy-back arrangements with contract farms to source grapes.
Bouvet has a portfolio of sparkling and still wines and products from this stable will be introduced into India as bottled-in-origin packs as well as bulk wines for domestic bottling, he said.
Scotland facility
Meanwhile, the Group has acquired a facility in Scotland for
Meanwhile, the merger of all spirits companies, following the Shaw Wallace acquisition last year, was well on track, he said. He expected to complete by September, the merger of McDowell, Herbertsons and Triumph Distillers to form United Spirits Ltd. Subsequently the company would be listed, he added.
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