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Myliko SA joint venture

Published:  23 July, 2008

Myliko Wines has entered into a joint venture with South African producer Tinus Broodryk.

The 50/50 venture will see the formation of a new company, Kotbro Pty Ltd.

Broodryk has been a winemaker for nearly 30 years, and Myliko describe him as a well-liked and well-known ambassador for South African wine'.

Hemant Kotecha, managing director of Myliko Wines, said: The formation of Kotbro is an exciting development. Our business in South Africa has expanded considerably and we were requiring additional sources of wine, in particular bulk wines, to fulfil our requirement.'

The joint venture will also mean a new office in Wellington, just 40 minutes from Cape Town, and it is hoped this will help with logistics and quality control issues.