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Major winemakers still ambitious to grow Asian operations despite China slapping industry with crippling tariffs – NEWS.com.au
Major winemakers still ambitious to grow Asian operations despite China slapping industry with crippling tariffs
Australias largest wine producer still has ambitions to grow its Asian exporting business despite recent trade tensions with China crippling the industry. In a fact book released to the Australian Stock Exchange on Tuesday, Treasury Wine Estates (TWE) has provided ambitious targets of growing group earnings before interest and tax by 25 per cent on its 2020 financial year results, with regional Asian volumes expected to make up 40 per cent of total EBIT.
The company said it intended to expand its…
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