Thursday, March 4, 2010

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PUBLIC STATEMENT: EFFECTS OF THE EARTHQUAKE IN THE WINE INDUSTRY Colchagua Valley. Viñas de Colchagua Colchagua Valley

Viñas Association of SA and Colchagua Valley Wine Route of Colchagua, makes this concern and sympathy for the effects of the earthquake and tsunami that occurred on Saturday February 27 in the south central region of our country.

regard to the consequences of it on the wine industry and tourism in the Colchagua Valley, we have seen losses that affect the volume of wine stores and manufacturing infrastructure and tourism of the Vines Partners.

Colchagua Valley has been characterized through its history by the tenacity of its people and the entrepreneurial spirit of those who have made today is considered a leader in the wine industry and a pioneer in the development of tourism around wine. It is this spirit that we can guarantee that in the short term both the production and tourist area is functioning normally. In fact, we have concluded that since most of the vines are receiving the new harvest, bottling their wines and reorganizing projects on tourism, so as to ensure the excellence that has always characterized it.

We stress, in a very special commitment and affection shown by those working in the vines, care, order, solidarity and culture, are the pillars upon which rests the spirit Colchagua and the wine is rooted in our land.

Specifically, we estimated a loss of wine in stock (bulk and bottled) in the Valley as a whole, approximately 25,000,000 gallons, or 20% of the total loss of the country. We believe that this loss does not preclude compliance with the commitments. (Or is it specific or estimated)

In terms of infrastructure, the vines were damaged in their warehouses, but these will not affect crop development and production of wine bottles. To the extent that 100% regularize electricity supply, operations in fields such as irrigation, will return to normal. Transportation, but not expedient, is operational.

In summary, although the earthquake has disrupted the normal functioning of the industry, we take it as a new challenge, and we are confident that thanks to the drive and effort demonstrated by the vineyards of Colchagua and its people, in the short term not only Vineyard operations are to be restored in full, but tourism will flourish in our Valley.

Mario Pablo Silva
President
-Viñas de Colchagua Valley Wine Route of Colchagua

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