After posting a 'robust' result for the financial year, Treasury Wine looks to burgeoning export demand, especially in Asia, to forecast even stronger growth ahead. Part of the company's plan forward is to expand the white wine potential of its iconicPenfolds label.Treasury wine estates chiefexecutive officer Michael Clarkehas revealed the company plans to focus on increasing white wine production under its Penfolds banner.Treasury Wine, which is the world's largest listed wine company, announced in August a 55% lift in full-year profits for 2016-17, to $269.1 million. The result was buoyed by strong growth in profitability in North America and Asia, notably in China and Japan where new warehousing facilities were established. Profit gains were also generated in Australia and Europe.Clarke said under "an exciting white wine strategy" for the iconic Penfolds label, moves will be made to boost interest in white wines, concentrating on Chardonnay and Riesling.
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