Argentine wine industry receives more than US$1.5BThe wineries tucked beneath the distant Andean mountains nearly have it all: warm days and cool nights for growing the lushest of grapes, state of the art technology and vintners bent on lifting Argentina’s wine production to rival the best.Australia, France, the United States and even neighbouring Chile still far outpace the Argentines, but more than US$1.5 billion in investments this decade to overhaul wineries and lift standards — coupled with a tightly focused marketing campaign — are producing a big buzz about this country’s up-and-coming grapes.
Argentina exported nearly US$400 million in wines and grape juice concentrates to more than 70 countries in 2005, the second record year in a row after surpassing US$305 million in exports in 2004, the country’s Institute of Wine reported.
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