The majority of this investment will focus on expanding the company's whisky operations, the company said in a statement to the Philippine Stock Exchange.
A significant portion is earmarked for the expansion of the Dalmore distillery, which is set to double its capacity by the latter half of 2024.
Additionally, the maturation complex in Invergordon is undergoing expansion to accommodate the increased production from the larger Dalmore facility, it said.
In line with Emperador’s commitment to sustainability, part of the capex will support Whyte and Mackay’s goal to achieve carbon neutrality by 2030.
Planned upgrades include an anaerobic digestion bioenergy center and a biomass boiler system to enhance operational efficiency and sustainability.
While the whisky business takes precedence, a smaller portion of the capex will be allocated to the brandy segment for machinery and equipment upgrades aimed at boosting efficiency.
Emperador Inc. owns a diverse portfolio of iconic brands, including Emperador Brandy, Fundador Brandy, and several renowned single malt Scotch whiskies like The Dalmore, Fettercairn, Jura, and Tamnavulin.
Its products are available in over 100 countries, and the company is listed on both the Philippine Stock Exchange and the Singapore Exchange.
