Investment plan

Pernod Ricard: Irish Distillers announces a €250 million investment plan for a new distillery in Midleton

CORK, Ireland–(BUSINESS WIRE)–Regulatory news:

Pernod Ricard (Paris:RI):

Irish Distillers, producers of some of the world’s best known and most successful Irish whiskies, today announced that it will invest €250 million in the construction of a new distillery in Midleton Co. Cork to meet demand and to ensure the future production capacity needed for its portfolio of Irish whiskeys around the world.

The distillery will produce some of the best known and most successful Irish whiskeys in the world including Jameson, Powers, Redbreast, Midleton Very Rare, Spot Family and Method and Madness.

The new distillery will be located on a 55-acre site adjacent to and connected to the famous Midleton Distillery.

Subject to a successful planning application and all licensing requirements being met, the new distillery will distill pot still and grain whiskey with grain tapping, mashing, fermentation and distillation facilities integrated into the new 55 acre site.

The new distillery is expected to generate up to 100 new highly skilled jobs for the region over time once the distillery is operational in 2025, and approximately 800 jobs during the construction phase.

Irish Distillers recently announced plans to invest €50 million to fund projects to transform Midleton Distillery into a carbon neutral operation by the end of 2026 by leveraging breakthrough emissions reduction technology to reduce energy consumption. In line with Irish Distillers’ ambition, the new distillery will also be a carbon neutral operation.

The new site will also incorporate various environmental projects that will be developed to improve biodiversity and protect local wildlife.

Increased distillation capacity is expected to increase Midleton Distillery’s barley and malted barley requirements by up to 50%, which the company intends to source from Irish farmers.

The Irish Distillers project team partnered with engineering and architectural consultancy firm Arup for the initial design and Harry Walsh Associates for the planning application. Irish Distillers engages with all relevant stakeholders and consults with local community groups as part of the pre-planning process.

A planning application is expected to be submitted to Cork County Council towards the end of 2022 and, if successful, construction will begin in 2023 with plans for the distillery to be operational in 2025.

Speaking at the announcement, An Taoiseach, Micheál Martin TD said:The continued success of the Irish whiskey industry is something we can be immensely proud of as a nation. Irish Distillers played a vital role in the development of the industry. Whiskey has been distilled in Midleton for almost 200 years and the €250 million investment will create hundreds of additional jobs in the future, both during construction and once the distillery is operational.. Today’s announcement is a hugely positive development for Midleton and the local East Cork economy more broadly and will further enhance Midleton’s reputation as the birthplace of Irish whiskey.

Nodjame Fouad, CEO of Irish Distillers, said: “At Irish Distillers we are always planning for the future growth of Irish whiskey and today is a momentous day for Irish Distillers and the team at Midleton Distillery as we announce a €250 million investment plan to provide a new, State-of-the-art distillery in Midleton, Co. Cork, which will be a carbon neutral operation. We are extremely proud of the continued strong performance of our full portfolio of Irish whiskeys, led by Jameson, which sold over 10 million cases in our 2022 financial year. The new distillery will be a beautiful historic development with sustainability at its heart. and will serve to further demonstrate our commitment to Midleton and East Cork, generating more jobs for the region and furthering the recognition of Midleton Distillery like the beating heart of Irish whiskey.”

Tommy Keane, Operations Manager at Irish Distillers, said“Whiskey has been distilled in Midleton for nearly 200 years and as such our desire has always been to secure the future of distilling in East Cork. Today we are delighted to announce plans for a new distillery linked to the famous Midleton Distillery. We are incredibly proud of Midleton’s well-deserved reputation as the birthplace of some of the world’s most beloved Irish whiskeys, and today’s announcement – along with the ongoing £13 million redevelopment of the experience of our visitors – will cement Midleton’s reputation as a world famous whisky. (e)y destination. Through the delivery of this distillery, we also plan to play our part in supporting Ireland’s decarbonisation strategy while aligning with Pernod Ricard’s commitment to follow a Net Zero trajectory by 2050.”

Leo Clancy, CEO of Enterprise Ireland, said: “Midleton is synonymous with whiskey and is world famous for its products. Enterprise Ireland is delighted to be working with Irish Distillers, and we warmly welcome their announcement today of their ambitious new €250 million investment plan which will provide a new distillery which will be a carbon neutral operation. This planned investment will also have a significant impact on the local community, creating up to 100 new jobs in East Cork, as well as hundreds more during the construction phase. It also demonstrates Irish Distillers’ long-term commitment to Ireland and its sustainability ambitions.


Notes to Editor:

The distillery will also use innovative Mechanical Vapor Recompression (MVR) technology which will see a closed-loop system capture, compress and recycle heat lost in the distillation process. Renewable energy sources, including green hydrogen and biogas, will be used to power the distillery. Irish Distillers has partnered with local EI-H2 experts to explore opportunities for sourcing green hydrogen and has conducted extensive research in partnership with MaREI, the IFC Research Center for Energy, Climate and the Sea, hosted by University College Cork, to determine the biomethane potential of distillation by-products and design the anaerobic digestion process required to produce biogas. Irish Distillers will also partner with StanTech for wastewater treatment and biogas production.

In addition to its commitments to eliminate Scope 1 and Scope 2 emissions at both distilleries, Irish Distillers is also committed to working with suppliers on projects and initiatives to reduce Scope 3 emissions across all the areas of its activity, including raw materials, dry goods, transport, logistics and freight.

About Irish Distillers

Irish Distillers is Ireland’s premier supplier of spirits and wines and producer of some of the world’s best known and most successful Irish whiskeys. Led by Jameson, our brands are driving the success of Irish whiskey around the world. Jameson is the fastest growing Irish whiskey in the world, with 10.4 million cases sold in FY22. Our brands are exported to over 130 markets around the world, many of which are growing two or three digits.

Irish Distillers was formed in 1966, in a merger between John Power & Son, John Jameson & Son and Cork Distilleries Company. In 1988, Irish Distillers joined Pernod Ricard, gaining access to unprecedented levels of investment and an extensive global distribution network. Since 2012, we have invested more than €250 million to double our production and bottling capacity to meet global demand for our products.

We employ over 800 people in our operations in Cork and Dublin.

About Pernod Ricard

Pernod Ricard is the world’s second largest producer of wines and spirits with consolidated sales of €10,701 million for the FY22 financial year. The Group, which owns 17 of the top 100 spirits brands, has one of the most prestigious and comprehensive portfolios in the industry with more than 240 premium brands spread over more than 160 markets. Pernod Ricard’s portfolio includes Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. The Group’s mission is to unleash the magic of human ties by bringing “Good Times from a Good Place”, in accordance with its Sustainable Development and Responsibility roadmap. Pernod Ricard’s decentralized organization allows its 19,480 employees to be ambassadors in the field of its culture of voluntary and inclusive conviviality, bringing people together in a meaningful, sustainable and responsible way to create long-term value. In executing its strategic plan, Transform & Accelerate, Pernod Ricard is now leveraging its “Conviviality Platform”, a new growth model based on data and artificial intelligence to meet ever-changing consumer demand. .

Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices..