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Semeli to invest 1.5 mln euros to upgrade production, build luxury suites

Semeli to invest 1.5 mln euros to upgrade production, build luxury suites

Semeli announced an investment plan worth more than 1.5 million euros to upgrade production process and hospitality facilities in its winery unit in Nemea. The investment plan is expected to be completed in 2018.

Leonidas Nasiakos, managing director of the company, speaking to reporters during a news conference said the investment was one of the largest in the Greek winery sector. Semeli has already completed investments worth more than 12 million euros.

Myrto Salla, a shareholder and member of the board said the investment will upgrade production with state of the art equipment and modern wine making systems making Semeli a benchmark winery both for Greece and abroad.

Semeli will also build 10 luxury suites to accomodate visitors and wine lovers and members of Semeli Wine Club.

Semeli also plans to boost exports, currently at 15 pct of total turnover to 30 pct in the next three years. Turnover was around 3.6 million euros in 2016 with the aim to surpass 4.0 million in 2017.

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