Karadoc cuts go ahead

TREASURY Wine Estates, the parent company of Lindeman’s Winery at Karadoc, is moving to a second phase of supply chain optimisation.
Nanjing Night Net

Warehousing and packaging operations at Karadoc will move to the Barossa Valley.

Touted as a “supply chain optimisation” by the company, the consolidation is aimed at removing costs deemed excess to the company’s needs and simplifies its processes, including the sale of vineyards and packaging and warehousing operations.

A statement by TWE said getting rid of assets and making most of each of its facilities and simplifying logistics, warehousing and freight arrangements and reduce costs, would help realise the companya non-cash asset write-down of $20-30 million.

In March, TWE announced Karadoc winery’s warehousing and packaging operations would be moved to the Barossa Valley.

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This story Administrator ready to work first appeared on Nanjing Night Net.