Emperador's Whyte and Mackay doubling whisky capacity
Published Jul 19, 2023 05:30 am
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Updated Jul 19, 2023 05:30 am
Emperador Inc., a leading global brandy and whisky conglomerate based in the Philippines, is expanding its Scotland distillery through subsidiary Whyte and Mackay in response to the growing demand for whisky worldwide.
In a disclosure to the Philippine Stock Exchange, Emperador said that Whyte and Mackay, the world’s fifth largest Scotch Whisky producer that owns a compelling single malt portfolio, is expanding its whisky maturation complex at Invergordon Distillery, doubling its footprint from 45.4 hectares to 92 hectares.
Whyte and Mackay's Invergordon Distillery's footprint will be doubled to 92 hectares to house an additional 1.5 million casks of maturing whisky
This will create the space for additional warehouses to be built over the coming decades, eventually housing up to an additional 1.5 million casks of maturing whisky. The expanded facility will support the long-term growth ambition for Whyte and Mackay, which also enjoys the distinction as the UK’s number 1 supplier of Single Malt Whisky. “This expansion is part of Emperador’s continuing efforts to strengthen our production in response to growing demands for single malt whisky in various markets worldwide,” said Emperador Inc. President Winston Co. He added that, “We want to address the scarcity of aged liquids globally, and this will allow us to strengthen and support a core segment of our business.” Currently, Whyte and Mackay owns four leading Single Malt Whisky Brands in its collection: Tamnavulin, Jura, Fettercairn and – at the apex of the category – The Dalmore, in addition to the multi-award-winning Blended Scotch Whisky that bears the Company’s name. “Scotch Whisky is a business that requires very long-term planning and the acquisition of this site reflects the scale of our ambition, not just for the next few years but for many decades to come,” Whyte and Mackay Chief Executive Officer Bryan Donaghey said. Last May, Co said Emperador is allotting P7 billion for capital expenditures this year—mainly for the expansion of its single-malt whisky business. He said P6 billion will be for the whisky expansion while P1 billion will be for its brandy business expansion. “We are building a new distillery for the Dalmore and more and more liquids are going into aging. All of these are done to beat our next 10 to 12 year forecasts and projections,” he added. Co noted that, “We are expanding our distillery and we are building more warehouses. We will be able to start new distillation by the latter part of 2024.” “It takes time to make good single malt whiskey. So how do we sustain the growth or whiskey when there is a long aging period? The liquid that the liquids that are currently aging in our warehouses are sufficient for us to reach our growth target for the next 10 years. “Currently, four of our old distilleries are distilling at full capacity and are being aged in our warehouses. Currently, we have enough liquid for our brands. But looking forward 10-12 years from today and looking at our annual growth projections, we believe that we have to increase our capacity,” he explained. Co said they are focusing on the expansion of their markets in the US and China as well as the potential of India as a trade agreement is being signed with the UK which will allow Emperador’s UK-based whisky brands to penetrate the world’s biggest country by population even as it starts to develop a taste for whisky.
Whyte and Mackay's Invergordon Distillery's footprint will be doubled to 92 hectares to house an additional 1.5 million casks of maturing whisky
This will create the space for additional warehouses to be built over the coming decades, eventually housing up to an additional 1.5 million casks of maturing whisky. The expanded facility will support the long-term growth ambition for Whyte and Mackay, which also enjoys the distinction as the UK’s number 1 supplier of Single Malt Whisky. “This expansion is part of Emperador’s continuing efforts to strengthen our production in response to growing demands for single malt whisky in various markets worldwide,” said Emperador Inc. President Winston Co. He added that, “We want to address the scarcity of aged liquids globally, and this will allow us to strengthen and support a core segment of our business.” Currently, Whyte and Mackay owns four leading Single Malt Whisky Brands in its collection: Tamnavulin, Jura, Fettercairn and – at the apex of the category – The Dalmore, in addition to the multi-award-winning Blended Scotch Whisky that bears the Company’s name. “Scotch Whisky is a business that requires very long-term planning and the acquisition of this site reflects the scale of our ambition, not just for the next few years but for many decades to come,” Whyte and Mackay Chief Executive Officer Bryan Donaghey said. Last May, Co said Emperador is allotting P7 billion for capital expenditures this year—mainly for the expansion of its single-malt whisky business. He said P6 billion will be for the whisky expansion while P1 billion will be for its brandy business expansion. “We are building a new distillery for the Dalmore and more and more liquids are going into aging. All of these are done to beat our next 10 to 12 year forecasts and projections,” he added. Co noted that, “We are expanding our distillery and we are building more warehouses. We will be able to start new distillation by the latter part of 2024.” “It takes time to make good single malt whiskey. So how do we sustain the growth or whiskey when there is a long aging period? The liquid that the liquids that are currently aging in our warehouses are sufficient for us to reach our growth target for the next 10 years. “Currently, four of our old distilleries are distilling at full capacity and are being aged in our warehouses. Currently, we have enough liquid for our brands. But looking forward 10-12 years from today and looking at our annual growth projections, we believe that we have to increase our capacity,” he explained. Co said they are focusing on the expansion of their markets in the US and China as well as the potential of India as a trade agreement is being signed with the UK which will allow Emperador’s UK-based whisky brands to penetrate the world’s biggest country by population even as it starts to develop a taste for whisky.