Austrian wine maker ups turnover by 70% in Romania

Wine producer amb Wine, part of Austrian amb Holding, ended 2014 with a turnover of RON 3 million (EUR 675,000) in Romania, up 70% year-on-year. The company also completed the development of its Liliac wine cellar in Batos, Mures county, which required an overall investment of some EUR 7 million, including operational costs. It carried out the investment in three stages. In 2011, the company invested EUR 3 million in buying and cultivating a 38-hectare vineyard in Batos and Vermes Lechinta areas in Transylvania and in building the winery. Then, between 2012 and 2013, amb Wine invested EUR 1 million in developing the vineyard and winemaking facilities. Last year, it completed the third stage, which required an investment of around EUR 1 million and focused on expanding the wine cellar. amb Wine produces and sells Liliac, Young Liliac and Crespuscul premium wine brands in Romania. It makes this wines in the company’s Liliac wine cellar. amb Wine currently owns 52.8 hectares of vines in Transylvania and has a production capacity of 260,000 liters. It uses latest technologies, including the schilfwein method, a first in Romania. The company targets a turnover of RON 4 million (EUR 900,000) for 2015, 30% higher on 2014. Irina Popescu, irina.popescu@romania-insider.com