Inver House Distillers to ramp up production capacity in UK
UK-based whiskey and vodka producer Inver House Distillers is planning to ramp up its production capacity in order to cater to increasing demand in international markets.
The company has secured £10m in loan from Bank of Scotland.
Bank of Scotland relationship director Mark Hull was quoted by Aberdeen Business News as saying: "The whisky industry is worth £3.3 billion to the British economy and accounts for three quarters of Scotland's food and drink exports.
"The management board of Inver House Distillers is highly experienced and operationally strong with a proven track record and we look forward to working with them as they realise their international expansion targets."
Of the total financing being provided, some of the amount will be used in the construction of 12 additional warehouses, reports BBC News.
The proposed facilities will allow the company to store an additional 120,000 casks of whiskey.
Inver House managing director Graham Stevenson, said: "The additional warehouse facility will provide us with much needed storage space that will allow Inver House Distillers to capitalise on the forecasted industry growth."
The financing will also be used in the expansion of Inver House's Speyburn distillery, whose production capacity will be more than doubled to produce 4.2 million liters of whiskey annually.
Image: The proposed facilities will allow the company to store an additional 120,000 casks of whiskey.
Photo: courtesy of Stoonn / freedigitalphotos.