Romanian wine maker Jidvei starts exports to China, plans EUR 20 mln investments by 2013

Romanian wine producer Jidvei, which owns over 2,000 hectares in the Tarnave vineyard in the center of Romania, plans to invest around EUR 20 million until 2013 in re-planting 412 hectares of vineyard, buying more equipments, building a new wine cellar and new headquarters in Jidvei, according to the company. The company has also started to export its wines to China, where it set up a mixed company together with a Chinese partner. Jidvei, owned by Claudiu and Liviu Necsulescu, has already invested EUR 30 million until 2010 in planting and re-plating vineyards, buying equipments to plant and gather the grapes, as well as renovating the castle in Cetatea de Balta, in Alba county, close to its vineyards. Jidvei is one of the biggest wine producers in Romania, joining competitors like Murfatlar, Vincon and Vinia Iasi, all with over 1,000 hectares of vineyard each. Corina Saceanu, corina@romania-insider.com (Photo source: Sxc.hu)