Whiskey makers Irish Distillers is to invest €10m at its Cork facility in a move that will allow the company to increase its single pot range by 30pc.
The investment will see 60 new jobs created during the expansion phase of the development. Irish Distillers said it hopes to increase revenues by 300pc between now and 2030. As part of the investment three new copper pot stills are being installed at the distillery.
The company produces the bespoke Midleton whiskey range well as the globally renowned Jameson brand.
It has also invested €20m at its Fox and Geese bottling facility in Dublin and is currently involved in a €100m development at its Dungourney maturation site.
In August of last year, the company also announced an €11m redevelopment project at the Old Jameson Distillery in Smithfield. The expansion is a response to the burgeoning demand for Irish whiskey around the world, according to Jean-Christophe Coutures, chairman and ceo of Irish Distillers.
"Irish whiskey continues to enjoy phenomenal global growth, led by Jameson with sales of 5.7 million cases in 2016," he said. "With this additional investment of over €10m at Midleton Distillery, we will ensure that we are positioned to meet growing global demand and support the growth of Irish whiskey in the international spirits category. "
Paul Wickham, general manager of the Cork-based distillery emphasised the boost the expansion will have on the local economy. "This investment will also see us increase our support for the wider Cork economy," he said. "All our barley comes from farms located within 100 miles of Midleton Distillery, supporting families who have produced barley for centuries. Using unmalted barley is a long-standing tradition of Irish whiskey and one which Irish Distillers continues."
"At present, we spend €60m annually on cereals, energy, capital projects and payroll in the local economy and this will increase with the installation of these new stills," he said.