Amorim achieves wine cork sales record
By 2011-3-1 19:10:44
Amorim, the world’s leading cork producer, has announced record annual
sales, with more than 3 billion wine stoppers sold in 2010.
The outstanding sales volume figure was included in the company’s 2010
financial results released recently.
Amorim’s Cork Stoppers Business Unit — the company’s core business —
posted a sales volume increase of 13.8 per cent, further consolidating its
position as the world’s largest supplier of wine stoppers.
Amorim recorded significant sales volume and sales revenue growth in all of
its major ‘Old World’ wine markets, with France, Italy and Spain breaking
historical sales volumes with growth rates ranging from 10 to 29 per cent.
Double-digit sales revenue growth was also recorded in prominent ‘New
World’ wine markets such as Argentina and Australia, with the latter posting a
significant 17.4 per cent increase in sales revenue. In Chile, Amorim’s growth
reached 9.1 per cent.
In the United States, Amorim registered a 22 per cent growth in sales volume
and a 20 per cent increase in sales revenue, posting yet another sales record
in this key market.
A return to natural cork closures by major retailers in the United Kingdom saw
unit sales in this market increase by almost 50 per cent in 2010.
Sales of all types of stoppers were higher worldwide including whole natural
cork closures, champagne stoppers and technical corks.
“Passing the 3 billion barrier is an exceptional result — particularly when you
consider that in 2010 we were emerging from the global financial crisis,” said
Amorim’s chairman and CEO, António Amorim.
“Along with the outstanding sales result, we witnessed strong consumer
preference for cork in the US, an increase in the use of cork by the ‘Top 100’
US wine brands and a return to cork by major supermarkets in the UK.
“There was also recognition in the wine and spirits industries that Amorim is
the company to talk to for key projects, particularly when it comes to sealing
the world’s most precious beverages.”
Mr Amorim said that natural cork was enjoying a renaissance in many sectors
— including building, design and fashion — due to a growing understanding of
the added value that natural cork brings to a product.
“This is also evident in the drinks sector with increasing awareness of cork’s
environmental advantages and acknowledgement of the added value of a
quality natural cork closure.
“In the wine industry, we have seen a number of wineries return to cork in the
past 12 months based on significant improvements in cork’s performance,
consumer preference, sustainability and concerns over issues with alternative
closures.”
The annual worldwide market for wine stoppers is estimated at 17 billion with
the cork industry producing approximately 12 billion stoppers, giving it 70 per
cent of the total global wine closure market.
Amorim’s 2010 sales result means it now accounts for about 26 per cent of
total cork stopper sales for the year and has greater sales volume than any of
the types of alternative wine closures currently in the market place.
* * *
For additional information:
Carlos de Jesus, Amorim, Portugal
Phone: + 351 22 747 5519
E-mail: carlos.dejesus.ai@amorim.com
ABOUT CORTICEIRA AMORIM, SGPS, S.A.
Tracing its roots to the 19th century, Corticeira Amorim has become the largest cork and
cork-derived company in the world, generating over Euro 450 million in sales throughout more
than 100 countries. Corticeira Amorim and its subsidiaries are an integral part of a
conservation effort to guarantee the survival of hundreds of thousands of cork oak trees
throughout the Mediterranean Basin. We are proud of our contribution to the correct utilisation
of these important forests that represent a key role in CO2 retention, preserving biodiversity
and preventing desertification. We encourage you to learn more by visiting informative
websites such as www.corkfacts.com or www.realcork.org or www.corticeiraamorim.com
sales, with more than 3 billion wine stoppers sold in 2010.
The outstanding sales volume figure was included in the company’s 2010
financial results released recently.
Amorim’s Cork Stoppers Business Unit — the company’s core business —
posted a sales volume increase of 13.8 per cent, further consolidating its
position as the world’s largest supplier of wine stoppers.
Amorim recorded significant sales volume and sales revenue growth in all of
its major ‘Old World’ wine markets, with France, Italy and Spain breaking
historical sales volumes with growth rates ranging from 10 to 29 per cent.
Double-digit sales revenue growth was also recorded in prominent ‘New
World’ wine markets such as Argentina and Australia, with the latter posting a
significant 17.4 per cent increase in sales revenue. In Chile, Amorim’s growth
reached 9.1 per cent.
In the United States, Amorim registered a 22 per cent growth in sales volume
and a 20 per cent increase in sales revenue, posting yet another sales record
in this key market.
A return to natural cork closures by major retailers in the United Kingdom saw
unit sales in this market increase by almost 50 per cent in 2010.
Sales of all types of stoppers were higher worldwide including whole natural
cork closures, champagne stoppers and technical corks.
“Passing the 3 billion barrier is an exceptional result — particularly when you
consider that in 2010 we were emerging from the global financial crisis,” said
Amorim’s chairman and CEO, António Amorim.
“Along with the outstanding sales result, we witnessed strong consumer
preference for cork in the US, an increase in the use of cork by the ‘Top 100’
US wine brands and a return to cork by major supermarkets in the UK.
“There was also recognition in the wine and spirits industries that Amorim is
the company to talk to for key projects, particularly when it comes to sealing
the world’s most precious beverages.”
Mr Amorim said that natural cork was enjoying a renaissance in many sectors
— including building, design and fashion — due to a growing understanding of
the added value that natural cork brings to a product.
“This is also evident in the drinks sector with increasing awareness of cork’s
environmental advantages and acknowledgement of the added value of a
quality natural cork closure.
“In the wine industry, we have seen a number of wineries return to cork in the
past 12 months based on significant improvements in cork’s performance,
consumer preference, sustainability and concerns over issues with alternative
closures.”
The annual worldwide market for wine stoppers is estimated at 17 billion with
the cork industry producing approximately 12 billion stoppers, giving it 70 per
cent of the total global wine closure market.
Amorim’s 2010 sales result means it now accounts for about 26 per cent of
total cork stopper sales for the year and has greater sales volume than any of
the types of alternative wine closures currently in the market place.
* * *
For additional information:
Carlos de Jesus, Amorim, Portugal
Phone: + 351 22 747 5519
E-mail: carlos.dejesus.ai@amorim.com
ABOUT CORTICEIRA AMORIM, SGPS, S.A.
Tracing its roots to the 19th century, Corticeira Amorim has become the largest cork and
cork-derived company in the world, generating over Euro 450 million in sales throughout more
than 100 countries. Corticeira Amorim and its subsidiaries are an integral part of a
conservation effort to guarantee the survival of hundreds of thousands of cork oak trees
throughout the Mediterranean Basin. We are proud of our contribution to the correct utilisation
of these important forests that represent a key role in CO2 retention, preserving biodiversity
and preventing desertification. We encourage you to learn more by visiting informative
websites such as www.corkfacts.com or www.realcork.org or www.corticeiraamorim.com
From www.winebusiness.com