Diageo plans to invest more than £1bn in Scotch whisky production over the next five years to meet growing global demand for its brands.
A major new malt distillery will be built as part of the investment, alongside a programme of major expansion at a number of Diageo's existing distilleries.
Detailed plans will also be developed for a second new distillery that will be built if global demand for Scotch is sustained at expected levels.
The company also plans to invest in substantial new warehousing capacity to house the millions of additional litres of Scotch whisky that the distillation investment will produce.
"This is a pivotal moment in the development of the Scotch whisky category for Diageo," said Diageo chief executive, Paul Walsh. "Scotch whisky is a significant manufacturing export industry in the UK, driving domestic investment and job creation through our success in exporting to high-growth markets around the world. We look forward to working with the UK and Scottish governments to realise the full potential of our investment plan, and to continue growing global Scotch exports."
Across Scotland, the investment will create over a hundred new Diageo jobs, largely high value jobs in rural areas of Scotland.
It's also expected the investment will create an average of 250 construction jobs for each year of the investment period, and in wider Scottish economy there will be a knock-on effect that will generate around 500 further jobs.
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