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Irish Distillers to invest €150 million in upgrades and expansion
Pernod Ricard-owned Irish Distillers is investing over €150 million (£132 million) in upgrading its sites in Cork and Dublin which will see it expand its maturation and distillery facilities.
The majority of the money (€130 million) will be spent on the company’s distillery in Midleton and maturation site in Dungourney – both in County Cork.
Among the upgrades and installations taking place at Dungourney will be the addition of eight new maturation warehouses, each with a 16,800 cask capacity, meaning that Irish Distillers will be able to store an additional 134,400 casks.
It will also be installing additional distilling equipment at Midleton in order to expand its production capacity.
This includes an additional German-made mechanical vapour recompression evaporator, a third mash filter and new fermenters. The construction of a new office building at the distillery is also due to be completed in July 2019.
The distilling giant said the investment was prompted by the strong performance of its Jameson whiskey brand, which is now in double or triple-digit growth in over 80 markets, according to the producer.
The remaining €20 million will be spent on the development of its Fox and Geese bottling plant in Dublin. Here Irish Distillers will extend the main bottling hall as well as expand its storage warehouses, laboratory and office space while also carrying out upgrades to existing equipment.
Commenting on the investment, Conor McQuaid, Chairman and CEO said: “This €150 million investment in Midleton, Dungourney and Fox and Geese reflects the growing international success of Irish Distillers’ whiskey portfolio.
“Irish whiskey is the fastest growing premium spirit in the world, with sales now accounting for more than one third of all Irish beverage exports. This investment will help to allow this growth to continue for years to come. The company is proud to play its role in the Irish drinks industry, which is a hugely important part of the Irish economy”.
Read more:
IRISH DISTILLERS LAUNCHES 35TH EDITION OF MIDLETON VERY RARE
IRISH DISTILLERS WANTS TO ‘CHALLENGE PERCEPTIONS’ WITH ITS NEW EXPERIMENTAL WHISKEYS
JAMESON QUIETLY LAUNCHED A FAIRTRADE, ‘COLD BREW’ COFFEE-BASED SPIRIT IN IRELAND
GIN AND PREMIUM IRISH WHISKEY ARE THE FASTEST GROWING SPIRITS IN IRELAND