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7 June 2012 | Adam Leach
A £1 billion investment by Diageo in its Scotch whisky brands will create new jobs and apprenticeships through its supply chain.
The company, which counts Johnnie Walker and Dalwhinnie among its whisky products, has pledged to build a new distillery in Scotland and invest £1 billion over five years. The investment will create 250 new jobs at Diageo and 500 more jobs through its supply chain.
In addition to the jobs, the company said it would encourage suppliers and construction contractors to “focus on youth job creation and apprenticeships”. Diageo itself will take on “around 100 apprentices and graduate trainees” as part of the expansion programme.
Diageo chief executive Paul Walsh said in a statement: “We are determined to use this investment to make a contribution towards helping people into training and work through our apprentice and graduate placement scheme and by using the opportunity to encourage suppliers to take on apprentices to work on the investment projects.”
In addition to building a new distillery, the investment will also fund the expansion plans at the company’s existing distilleries and to build new warehouses to store the increased whisky volume. The company said it is also drawing up detailed plans for a second distillery, which will be built if demand for the spirit continues to grow.
The investment comes as the company looks to capitalise on growing demand for whisky from the rapid growth economies, such as China. Over the past five years, demand for its Scotch brands has increased by 50 per cent.