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    VSPT   CL0002209253

VIÑA SAN PEDRO TARAPACÁ S.A.

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Vina San Pedro Tarapaca : VSPT Wine Group joins the first waste management program in Chile

10/02/2019 | 12:39pm EST

Wednesday October 2nd, 2019

The pioneering program 'Mi Barrio Recicla' (My Neighborhood Recycles) aims to collect waste from over 2,100 buildings across the Providencia district of Santiago, Chile. Under the program, the pilot scheme began for the Recycling and Extended Producer Responsibility (EPR) Law, which will come into force by 2022.

From the world of wine, VSPT Wine Group is leading this initiative which came into effect on September 2nd, which will allow neighbors to collect and separate waste such as glass, plastic bottles, aluminum cans, paper, cardboard and tetrapack into containers for its subsequent removal. It is an unprecedented initiative in Chile.

With a signed collaboration agreement between the Ministry of Environment, the Municipality of Providencia and twenty companies comprising part of the Association of Food and Drink in Chile (AB Chile), the program 'Mi Barrio Recicla' officially began.

The pilot scheme will be financed by the association through a group of 20 companies from diverse sectors, with VSPT Wine Group as the only winery. In this way, the first Collective Management System for Bottles and Packaging is to be created.

'We are very happy to support this important initiative within the framework of the Extended Producer Responsibility law, driving our country to raise its standards, manage our waste sustainably and to truly look towards a circular economy, which is key to sustainable management and very much in line with our commitment in this area' said Pedro Herane, CEO of the winery.

Disclaimer

Vina San Pedro Tarapaca SA published this content on 02 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2019 16:38:01 UTC


© Publicnow 2019
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Financials
Sales 2020 235 B 280 M 280 M
Net income 2020 22 452 M 26,7 M 26,7 M
Net Debt 2020 28 716 M 34,2 M 34,2 M
P/E ratio 2020 13,0x
Yield 2020 3,85%
Capitalization 254 B 303 M 302 M
EV / Sales 2019 1,50x
EV / Sales 2020 1,36x
Nbr of Employees 1 348
Free-Float 4,31%
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Managers and Directors
Pedro Herane Aguado Chief Executive Officer
Vicente Rosselot Soini Chief Financial Officer
Pablo Jose Granifo Lavín Chairman
Álvaro Pardo Sainz Chief Operations Officer
Carlos Mackenna Iñiguez Independent Director