Chivas Brothers, the Scotch whisky and premium gin producer, is investing £88m into two of its distilleries.
The company, which is owned by Pernod Ricard, said the investment would go towards upgrading its Strathisla and Glen Keith distilleries in Speyside.
The move comes as Chivas Brothers looks to increase its production capacity ahead of what it expects to be continued growth in demand for Scotch whisky around the world.
“This is a significant investment by Chivas Brothers in two of its key malt whisky distilleries,” said Laurent Lacassagne, chairman and CEO of Pernod Ricard.
“It underlines our confidence in the future prospects for Scotch whisky and our commitment to supporting Chivas Brothers in its ambition to be the world’s leading premium spirits company.”
Chivas Brothers said the investment at Strathisla would include the construction of a new stillhouse, which would house four additional stills.
The distillery already has 12 stills in operation, making it the largest working distillery in Scotland.
The investment at Glen Keith will see the construction of a new mash tun and washbacks, as well as the installation of an extra still.
The company said the investment would help to increase its production capacity by around 20%.
“This is great news for Speyside and for Scotch whisky,” said Robbie Dhu, managing director of Chivas Brothers.
“The Strathisla and Glen Keith distilleries are at the heart of our business and this investment will ensure that they continue to play a key role in the future growth of Chivas Brothers.”
The £88m investment is the latest in a series of major investments made by Chivas Brothers in recent years.
In 2017, the company invested £50m in its Dalmunach distillery, while in 2018 it unveiled a £120m expansion of its Aberlour distillery.
Chivas Brothers said the latest investment would create around 30 new jobs at the two distilleries.
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