Vinventions grows sales to 2.7 billion closures

Delivering a strong performance last year, Vinventions sold 2.7 billion wine closures in 2017, giving it a 13% share of the total global closures market.

Growing its annual sales from 2.5 billion closures in 2016 to 2.7 billion last year, Vinventions is now the second largest wine closure producer in the world.

Producing everything from natural corks to eco-friendly stoppers made from plant-based polymers from sugarcane, Vinventions is planning to expand its production by 10% this year, primarily driven by organic growth.

The company has a 30% market share in the US, with clients including Gallo, Woodbridge by Robert Mondavi, Kendell Jackson and Cupcake.

Outside of Italy, other clients include Zuccardi in Argentina, Fontanafredda in Piedmont, JL Chave in the Rhône and Mouton Cadet in Bordeaux.

“We are very glad to see how our enhanced commitment to innovation and sustainability is starting to drive our global growth in almost every country and almost every product category,” said CEO and president, Heino Freudenberg.

“Our closure innovations help wineries and retailers to protect and enhance the soul of their wines,” he added.

Vinventions aims to be “the most innovative and trusted global supplier of complete wine closure solutions”.

“Our innovation team has created 97 granted patents and 47 pending patents, and has launched 30 new products in the past 10 years,” said the company’s chief innovation officer, Malcolm Thompson.

Last year’s volume growth was driven by the company’s Nomacorc Green Line.

Nomacorc PlantCorcTM was the fastest-growing closure type in 2017 in terms of absolute growth in units, adding 800 million units in sales worldwide.

Nomacorc Green Line accounts for 70% of the company’s total sales. The company is working towards making its Plantcorc range 100% plant-based.