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£1bn investment in whisky hailed as boost to economy

A £1 billion investment in Scotch whisky production was welcomed yesterday as a boost to the whole Scottish economy.

LIQUID GOLD:  Whisky is Scotland's most celebrated manufactured export, earning billions of pounds for the economy every year.
LIQUID GOLD: Whisky is Scotland's most celebrated manufactured export, earning billions of pounds for the economy every year.

Drinks giant Diageo announced plans for a major expansion in distilling capacity over the next five years, creating hundreds of jobs.

The company intends to build a new malt distillery as part of the investment, alongside a major expansion programme at a number of its existing distilleries. It also plans to invest in substantial new warehousing capacity to store the millions of additional litres of Scotch whisky which the distillation boost will produce.

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