Thursday, August 28 11:06:46
The Dublin Whiskey Company today announced plans for its new whiskey distillery and visitor centre in the capital in an E10m investment that will create 30 new jobs.
The company will develop its 300 year old site in Mill Street, Dublin 8, in the heart of the Liberties, which is the historic birthplace of Irish whiskey.
Over 60 people will be employed during the construction phase beginning in early 2015 with 30 permanent jobs coming on-stream upon completion at the latter end of the year, the company said.
Prospective investors will also have the opportunity to become part of the revival of whiskey in Dublin as the company will also raise additional funds through the government's EII Scheme (formerly the BES).
In the last decade, the Irish whiskey category worldwide has grown by almost 200pc. In 2013, more than 6.2 million, 9 litre cases of Irish whiskey were exported to over 100 countries around the world. This figure is set to double to 12 million by 2020, and double again to 24 million by 2030.
Marie Byrne, managing director of Dublin Whiskey Company, said, "Figures from the Irish Whiskey Association show that there is a 'global renaissance' in Irish whiskey and now it is the fastest growing spirits category in the world. Potential investors will be attracted to our business by the knowledge that they are investing in a rapidly growing market set against a backdrop where the international prospects for Irish whiskey are bright."
Dublin Whiskey Company will create a range of single malt and Irish pot still whiskeys with the capacity to produce up to two million bottles annually at its 25,000 sq feet premises. Its output is for both the domestic and export market and the company expect to be in production in late 2015. Once completed, the working distillery and fully immersive visitors centre will be able to facilitate over 75,000 visitors a year.
The development of the whiskey range will be overseen by the Company's master distiller and global whiskey consultant Dr Jim Swan. Dr Swan will focus on the importance of premium quality and all-natural ingredients executed with scientific precision to produce the perfect craft spirit. Pat Burke, industry veteran and Enterprise Ireland mentor, is also part of the management team in a consultancy capacity.
Marie Byrne, Edmond O'Flaherty and Pat O'Brien founded the Dublin Whiskey Company in 2012 and it was recently granted planning permission by Dublin City Council to establish its distillery and visitor centre just 300m away from St Patricks Cathedral. Dublin Whiskey Company will be protecting and offering a new lease of life to its Mill historic building, which dates back to 1691 and was once the malting house of local distiller and brewer John Busby.
For more visit: www.businessworld.ie