MANILA, Philippines - Emperador Inc. said its Spain-based subsidiary is expanding its vineyard in Toledo.
Emperador said Grupo Emperador Spain S.A. has signed an agreement to acquire 230 hectares of vineyard land, which is adjacent to the Vinedos del Rio Tajo.
Vinedos del Rio Tajo is operated by Bodegas Las Copas, a joint venture company between Emperador and González Byass.
Other details of the deal were not available.
With the purchase of additional land, Emperador Spain plans to expand Vinedos del Rio Tajo, located next to the longest river in the Iberian Pennisula.
Jorge B. Domecq, managing director of Emperador Spain said, the Vinedos del Rio Tajo is the largest vineyard in Spain that specializes in wine grapes for brandy distillation.
"The way this vineyard is built harmonizes with environmental sustainability. By using state-of-the-art technology in vineyard operation and management, we hope to achieve a yield capacity of 30,000 kilos per hectare against an average yield of around 6,500 kilos by the vineyard industry in Spain. This means that in every hectare of this vineyard land, we will be able to harvest five times more wine grapes. This will very well support the raw material requirements for our brandy production," he said.
Domecq said the company is continuing to look for opportunities to acquire more vineyard land in Spain.
"We expect that out total vineyard property will reach close to 2,000 hectares by 2016," he said.
The Millionaire's Club earlier reported that Emperador sold 33 million cases last year, which was 3.5 times more than the second-largest selling brandy product in the world.
The Andrew Tan-led Emperador is buying Scottish whisky company Whyte & Mackay. Emperador made a cash offer to buy Whyte & Mackay and its subsidiaries for 430 million pounds ($729 million). Whyte & Mackay is the world's fifth-largest maker of Scotch whisky with annual production capacity of 50 million liters.