The spirits market is “the area where we are growing the most this year,” Chief Executive Officer Antonio Amorim said in an interview in the northern Portuguese town of Mozelos, where his great grandfather founded the company in 1870.
Amorim already makes T-shaped capsulated cork stoppers for premium cognac, gin, vodka, tequila and even craft beer bottles. Amorim cork is also used to make the stopper for the 100,000-pound ($132,000) Dalmore Trinitas 64 -- one of the most expensive whiskeys in the world.
The strategy is now to expand Amorim’s share in this segment as consumers seek out products with a more upmarket look and feel, with cork also seen as a more sustainable, eco-friendly material.
While cork stoppers are used in more than two-thirds of the 20 billion bottles of wine produced every year, they’re only used in about one billion of the 40 billion bottles of spirits sold globally, Amorim said. Corticeira Amorim sells about 350 million cork stoppers to the spirits market compared with 5.5 billion stoppers for the wine sector.