Southcorp isn’t about to rush into closing a winery, but it is commencing a process it hopes to conclude by the end of the 2004 financial year that might ultimately lead to the closure of one of its four major production facilities and eight smaller operations. The company’s chief financial officer, Steve McClintock, recently claimed that for every one cent rise in the Australian dollar above 68 US cents, around A$600,000 is trimmed from earnings before interest and tax.



