AIB Home (IRE)   AIB Economics   AIB Home (GB) 

Tuesday 26th May 2015 
email to a colleague

printer version
Product Description Product Description

Product Description
Cash Management Cash Management

Cash Mgt Services
Public/Private Sectors
2013 Historic Rates 2013 Historic Rates

Historic Average
FX Rates 2013
Let us know let us know

send us your feedback
RateSaver RateSaver

online historic fx and
interest rates
fx3 fx3

custom fx rates
directly to your mobile
fxcentre pro fxcentre pro

confirm and view deals
& payments online
E100m Middleton distillery build marked
Friday, 25th May 2012 10.51am

The Taoiseach, Enda Kenny, visited the Irish Distillers' distillery in Midleton, Co. Cork today, to mark the E100 million investment at the facility by Irish Distillers Pernod Ricard.

The company announced the expansion at the end of last year, in response to the continued growth of Jameson worldwide. In the year to end June 2011, a total of 3.4 million cases of Jameson were sold. The Distillery is now operating at full capacity and, in order to cater for future forecasted growth, an expansion is necessary, the company said.

The Taoiseach's visit also marked the 20th anniversary of the Jameson Experience, the Jameson visitor centre in Midleton, which has welcomed in excess of two million visitors since it first opened its doors in 1992.

As part of the investment, sixty manufacturing and technical jobs will be created, thirty in the Midleton Distillery, and a further thirty in the Fox and Geese bottling plant in Dublin, bringing the company's total employee numbers in Ireland to 560. Separately, up to 250 jobs will result from the construction process. There will also be a significant benefit to the local economy. The Distillery currently spends in excess of E60m annually on cereals, energy, capital projects and payroll in the local economy.

The expansion, which is due to take place over the next 24 months, will benefit from significant energy and water use efficiencies as a result of the incorporation of the latest state of the art design techniques. As previously announced, a further E100m is being spent developing a new satellite maturation facility at Dungourney, Co. Cork.

Speaking at the event, The Taoiseach, Enda Kenny TD, said: "This investment by Irish Distillers is the result of an exceptional performance by Jameson in the world-wide marketplace. Today marks a significant day in the future of Irish whiskey production, and the entire food and drinks export industry, as well as for the local economy here in Cork, which has greatly benefited from the presence of both the Distillery and the Jameson Experience Visitors Centre. By taking advantage of a supportive and stable economic environment Irish brands can continue to increase exports worldwide. The success of the Distillery here in Midleton, and its Visitors Centre is to be commended and I wish the company every success with its expansion plans."

Anna Malmhake, CEO, Irish Distillers commented, "This is a fantastic day for Irish Distillers - and for Irish business. The E100 million investment in Midleton, the home of Irish whiskey production, is a reflection of the growing international success of Jameson, and the future potential of our entire Irish Whiskey portfolio. With a tradition dating back to 1780, Jameson has been distilled in the Midleton distillery since 1975 and we are delighted to confirm our commitment to this tradition, and at the same time, we continue to embrace progress and to deliver new and innovative expressions of Irish Whiskey."

More breaking news >
The above information has been taken from sources we believe to be reliable and trustworthy. However the accurateness and completeness thereof are not guaranteed and therefore should not be relied upon as such. AIB does not endorse or approve the content of any information from third party sites nor will it have any liability in connection with any third party site (including but not limited to liability arising out of any allegation that the content of or information on any third party site infringes any law or the rights of any person or entity)
  © Allied Irish Banks, p.l.c. 2003 AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Registered Office: Bankcentre, Ballsbridge, Dublin 4.
Registered in Ireland : Registered No. 024173.