Well-known Mendoza winery, Piattelli is investing USD 12 million to build a new second winery in Cafayate, Salta region of Argentina. The project includes the purchase of new terrior and establishment of a Tourist Area to foster tourism to the area.
Piattelli exports wines to the U.S.A, Canada and Mexico and has aggressive plans to expand sales to Asia.
The winery and tourist area, once completed will employ 40 and generate interest in the Salta region.
This investment is very good news to all those considering investing in Argentina vineyards. It signals a huge vote of confidence in the continuing stability of the wine industry by a major player in the industry.
