Thu, Jul 29 2010
Glenmorangie, who are constructing a major new bottling plant in Livingston, have posted a pre-tax profit to the end of Dec 2009 of £12.7m.
This was a decrease from the £39.3m posted in 2008, although this figure included a "significant one-off gain" from the sale of bulk blended whisky stocks, the Broxburn bottling plant and bonded warehouse facilities and the sale of the Glen Moray distillery as they were no longer required by the company. The whisky group is currently restructuring following its decision to withdraw from bottled blended Scotch and focus on key single malt brands, such as Ardbeg and Glenmorangie. As well as the construction of a £9m bottling plant and office facilities in Livingston, the company has also undertaken an expansion project at the Glenmorangie distillery in Tain, and further enhancements to the Ardbeg distillery on Islay. Bottling is set to be transferred to the new Livingston facility in the third quarter of 2010. "This long-term plan was developed in response to the increasing demand for premium single malt Scotch whisky brands in markets such as the US, Asia and continental Europe," said the firm. "Our vision was, and remains, to build the presence of our highly successful, premium single malt whisky brands, Glenmorangie and Ardbeg." Glenmorangie added.
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