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Article: Argentina: Garbin launches ready made juices, expands beverages business.
- Article from:
- South American Business Information
- Article date:
- November 16, 2004
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Argentina, Nov 15, 2004 (El Cronista/SABI via COMTEX)
Garbin group, producer of the wine Pico de Oro, is moving in the ready made juices market with investments of Pesos$2.5mil to launch the Goliat brand, and plans to invest further Pesos$4.6mil to develop new presentations of its brand. Garbin posted sales of Pesos$150mil from its beverages business and ranks the 5th largest company in the domestic market, with predicted sales of Pesos$170mil in 2004. It controls Bodegas y Vinedos Garbin and other three wineries with capacity to store 40mil liters of wine; has a plant at Mar del Plata with capacity for 100mil liters of carbonated beverages, and 20 liters of ...