Pernod Ricard-owned Irish Distillers has announced an investment of €150 million (USD173.5 million) to expand and upgrade its sites in Cork and Dublin as response of the continued rise in demand for Irish whiskey.
Out of the total investment, €130 million ($150.5 million) will be allocated for the firm’s Midleton distillery, and maturation site in Dungourney, Co Cork, expanding capacity with the construction of eight new maturation warehouses, each holding 16,800 casks. Meanwhile over €20 million ($23 million) will be invested developing its bottling plant in Fox and Geese, Co Dublin.
Conor McQuaid, Irish Distillers chairman and CEO, commented: “This €150 million ($173.5 million) investment in Midleton, Dungourney and Fox and Geese reflects the growing international success of Irish Distillers’ whiskey portfolio. With a tradition dating back to 1780, we have been distilling in the Midleton Distillery since 1975 and we are delighted to confirm our commitment to this tradition, and at the same time continue to embrace progress, delivering new and innovative expressions of Irish whiskey. We look forward to building upon our success story by continuing to bring innovative Irish whiskeys to the market”.
Source: Irish Distillers