SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Wine You Can Enjoy @ Under $20

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: average joe4/19/2006 6:32:31 PM
  Read Replies (2) of 1277
 
Top Portuguese wine producer switches to caps By Henrique Almeida

Wed Apr 19, 2:22 PM ET

LISBON (Reuters) - A top Portuguese wine maker has announced he is switching from corks to aluminum bottle caps, causing alarm in the world's biggest cork-producing country.

Miguel Champalimaud, owner of the Quinta do Cotto vineyard, said on Wednesday some critics had even accused him of lack of patriotism by moving to screw caps.

"Today a cork is more expensive than a liter of wine. We have become cork salesmen instead of wine sellers," Champalimaud told Reuters.

Quinta do Cotto, on the Douro River in northern Portugal, is among several premier Portuguese vineyards whose wines are gaining in popularity around the world.

The switch to screw caps is a blow to an industry that believes the pop of a cork is part of the tipple's appeal.

"We are obviously unhappy with this move because one of the main drivers for the cork industry is the wine sector," said Joaquim Lima, head of the Portuguese Cork Association.

Champalimaud said the change would save him about 20 cents (25 U.S. cents) a bottle.

Portuguese revenue from cork, which comes from the bark of the cork oak, is about 1 billion euros ($1.23 billion) a year. Seventy percent of output is used for wine stoppers.

However, about 5 percent of natural corks are defective and cause the wine to spoil, leading to increasing use of screw caps by producers in such countries as France and Australia.

The cork industry is hitting back with an advertising campaign featuring Jose Mourinho, Portuguese manager of top English soccer club Chelsea.

Wine producers in Spain's Catalonia region were required at the end of 2005 to use only corks to seal their bottles.

Portuguese wine critic Joao Paulo Martins said other local vineyards could follow Quinta do Cotto's example.

"Our national pride is a little damaged from this issue," he said.

news.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext