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Saturday, July 14, 2007

Diageo Plans to Build $81.3 Million Distillery in Scotland

In further proof that world demand have whiskey is forecast to continue to grow, Diageo has announced plans to build what is being called the first major new distillery in Scotland in more than 30 years.

The new $81.3 million plant would be in Roseisle, where Diageo operates a major maltings facility. The plan is to make whiskey at the plant for use in Diageo's blended brands.

The company hopes to keep up with the demand for whiskey from emerging markets such as Brazil, Russia, India, China and Mexico. Construction should be completed by 2009.

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