Through a £10m investment, funded by Bank of Scotland, the producer of the Old Pulteney, Balblair, anCnoc and Speyburn Single Malt Scotch whisky brands has increased capacity for maturation by 20% in order to serve new international markets which include countries such as India, Kazakhstan and Poland.
The company completed the construction of 12 additional warehouses in 2015, increasing its total capacity to over 600,000 casks of whisky. An additional 20,000 have been filled and stored in these new warehouses over the past year.
The funding was also used to increase production capacity at Speyburn distillery which completed in October. The distillery has seen production capacity more than double, and is now capable of producing 4.2 million litres of whisky per annum.
Managing director Graham Stevenson explains: “Our brands performed well in 2015, growing and laying the foundations in many new international markets. We anticipate further opportunities and this growth will be underpinned in the coming years by the increased capacity created as part of our investment programme.
Graham continues, “Domestically Burns Night is an important event for us when we raise a dram for our national poet, Rabbie Burns. In addition we also see uplift in international markets around the Christmas and New Year period. At this time, for some of our brands, we see almost half the annual volume sold in the months leading up to the festive season.”
Inver House Distillers, established in 1964, currently employs 204 people across its six sites in Scotland. The business reported pre-tax profits are up 23.5% year-on-year for 2014 at £11.8m, and turnover increased by 2.8% to £79.2m. Operating profits grew by 23% to £12.3m.
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