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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more