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Diageo to build Speyside distillery in £1bn investment drive

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June 6 2012

Diageo to build Speyside distillery in £1bn investment drive
Drinks group Diageo has announced that it intends to build a new whisky distillery in Speyside, and has left open the possibility of a second should the need arise.

The new malt distillery, alongside expansion of existing distilleries and associated warehousing, would be delivered as part of a £500m construction budget over the next five years.

A further £500m will be committed in working capital by the drinks giant over the period.

The expansion comes just two years after completion of Austin-Smith:Lord’s Roseisle distillery and has been driven by surging global demand for Scotch whisky.

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