Inver House Distillers to double Speyburn capacity
Inver House Distillers is to double capacity at its Speyburn Scotch distillery after organising a new GBP10m (US$15.4m) loan.
The company, which also makes the brands Old Pulteney and Balblair, said yesterday it expects to produce 4.2m litres of whisky a year at Speyburn to meet demand for growing international markets.
The company will also build 12 new warehouses to increase storage from 500,000 casks to 620,000.
Inver House's MD, Graham Stevenson, said: “The success of our brands on the global stage, specifically Speyburn, means that we’re very much in growth mode."
The Airdrie based-company secured the loan through the Bank of Scotland.
Inver House Distillers is owned by International Beverage Holdings. The company reported a double-digit drop in full-year profits and sales in October.
Inver House Distillers has released a 2005 bottling of its Balblair single malt Scotch whisky. ...
Inver House Distillers has invested in new maturation warehouses in order to cater for growing international demand for its Scotch whisky stable....
- Ten questions for Diageo - Analysis
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Moet Hennessy unaffected by LVMH Dior buy
- Distell acquires majority stake in Cruz Vodka
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- BrewDog moves into spirits with LoneWolf launch
- Portman Group heads to Tesco for new chief exec
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Craft Beer: Coming of Age or Past Its Prime?
- Myanmar - ISA Country Report