Corticeira Amorim is building a new cork stopper factory from scratch in Australia, with an investment of 3.5 million euros, and next year it plans to open a new factory in Chile, the company’s CEO announced to journalists on the sidelines of the corticeira’s 150th anniversary ceremony.
“We are already present in Australia, but at the moment we are building a factory from scratch,” António Rios Amorim explained to journalists. The justification is related to the growth of the sector — Australia produces around 700 million bottles of wine annually. “Our business in Australia has doubled in recent years,” he said. The new factory, in Adelaide, should be inaugurated in April, company’s CEO added.
António Rios de Amorim also revealed that the company intends to open a new factory in Chile “next year”, this time in partnership with a local group with which it has been working for many decades. This is an investment of 4.5 million euros, added the CEO.