£1bn to be invested in Scotch whisky production
7 Jun 2012
Diageo has unveiled plans to invest over £1bn in Scotch whisky production over the next five years
A malt distillery will be built as part of the investment, alongside a programme of expansion at a number of Diageo’s existing distilleries.
Plans are also expected to be announced for a second distillery which will be built if global demand for Scotch is sustained at expected levels.
Potential sites in Scotland include Teaninich in Ross-shire and Inchgower and Glendullan in Speyside.
The move will create over a hundred new Diageo jobs in Scotland as well as an average of 250 construction jobs for each year of the investment.
This comes just three years after Diageo announced it would close a packaging plant and a 200-year-old grain distillery in Port Dundas.
However, in the last five years Diageo has reported 50% growth in net sales of its Scotch brands with total net sales approaching £3bn this financial year.
