Business Daily from THE HINDU group of publications
Saturday, Jul 15, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - 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 15 million, the UB Group is setting up a wine-bottling unit at Baramati in Maharashtra.

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 5 million, he said.

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 1.6 million, to ensure continuity in its supply of Scotch. The plant, under the umbrella of McDowell & Co (Scotland) Ltd, would help the Group purchase fresh grain and malt spirits at economic prices and mature them in-house to suit the profile required in India.

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.

More Stories on : New Projects | Breweries

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
IVRCL achieves financial closure for Jalandhar road project


Ethics and Governance — Next global frontier for India Inc
Audi appointment
Luxor acquires stake in prep school
UB Group to set up wine bottling plant at Baramati
Mack Brooks, Inter Ads tie up for airport expos
Apollo to serve Ethiopian patients
NTC close to assuming single corporate entity
India Vision to launch second channel in Nov
TMA office-bearers


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line