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Macallan To Build New Distillery and Vistor Centre

 
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William
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PostPosted: Thu Nov 28, 2013 3:13 pm    Post subject: Macallan To Build New Distillery and Vistor Centre Reply with quote

I received a press release telling me that The Macallan plans to build a new distillery and visitor centre. Edrington plans to invest over £100 million in The Macallan estate.

Over time the distillery is expected to deliver additional capacity to meet the growing demand from existing and new international markets.

Subject to receiving planning consent, work on the project will begin in autumn 2014 and is due to be completed in spring 2017.

I am just heading out just now but i had a few questions about the new distillery which i have sent off to the Macallan but i will post more details later.
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Quaich1
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PostPosted: Thu Nov 28, 2013 5:23 pm    Post subject: Re: Macallan To Build New Distillery and Vistor Centre Reply with quote

William wrote:
I received a press release telling me that The Macallan plans to build a new distillery and visitor centre. Edrington plans to invest over £100 million in The Macallan estate.

Over time the distillery is expected to deliver additional capacity to meet the growing demand from existing and new international markets.

Subject to receiving planning consent, work on the project will begin in autumn 2014 and is due to be completed in spring 2017.

I am just heading out just now but i had a few questions about the new distillery which i have sent off to the Macallan but i will post more details later.


William, sounds like a very interesting development. The Macallan name carries a lot of weight in the industry so this plan is great PR for them not to mention "growing" the company..
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Keith
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PostPosted: Thu Nov 28, 2013 6:47 pm    Post subject: Reply with quote

Very interesting, didnt the Macallan just increase the number of still at the Macallan a few years ago.
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whisky_rob
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PostPosted: Thu Nov 28, 2013 6:49 pm    Post subject: Reply with quote

With this not being completed until 2017 and costing £100 million Macallan must be confident that the so called 'whisky bubble' isn't going to burst anytime soon.

Although with a large increase in production, Macallan will have an interesting stock holding regarding still having limited older casks which may push prices up further for the older more limited casks/bottlings for the foreseeable future as they can't even call anything they produce from this new facility whisky until 2020!
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William
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PostPosted: Thu Nov 28, 2013 7:05 pm    Post subject: Reply with quote

Keith wrote:
Very interesting, didnt the Macallan just increase the number of still at the Macallan a few years ago.
You are correct Keith they increased capacity when they added 6 stills back in 2009.

Clearly the forecast for demand is very good for Edrington to make such a big investment.

Currently The Macallan has the 3rd biggest percentage share of the Scotch malt whisky market. in 2012 they had a 9.2% share of the market, only the Glenlivet 11.5% and Glenfiddich 13.3% had a bigger share. 4th biggest behind the Macallan was Glenmorangie with 5.7%, so quite a bit behind.
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Fergie
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PostPosted: Thu Nov 28, 2013 8:19 pm    Post subject: Reply with quote

They must be planning on it being significantly bigger if it is a whole new distillery they are building, of course it will be more modern and efficient.
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Grant M
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PostPosted: Thu Nov 28, 2013 9:04 pm    Post subject: Reply with quote

Does the Scotch Whisky Association just let Edrington build a new distillery and then declare it is Macallan when i would assume the old distillery will still exist.
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John
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PostPosted: Thu Nov 28, 2013 10:37 pm    Post subject: Reply with quote

Grant M wrote:
Does the Scotch Whisky Association just let Edrington build a new distillery and then declare it is Macallan when i would assume the old distillery will still exist.
Good point Grant.

Perhaps it will turn out a bit like Clynelish and Brora. The original Clynelish distillery was established in 1819 and operated until 1968 when it was replaced by the new modern Clynelish Distillery. The old distillery was then renamed Brora and continued operating alongside the new distillery until 1983.
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Kenny M
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PostPosted: Thu Nov 28, 2013 10:56 pm    Post subject: Reply with quote

John wrote:
Grant M wrote:
Does the Scotch Whisky Association just let Edrington build a new distillery and then declare it is Macallan when i would assume the old distillery will still exist.
Good point Grant.

Perhaps it will turn out a bit like Clynelish and Brora. The original Clynelish distillery was established in 1819 and operated until 1968 when it was replaced by the new modern Clynelish Distillery. The old distillery was then renamed Brora and continued operating alongside the new distillery until 1983.
John I would guess that they do intend to do something similar to what happened at Brora and perhaps even keep both distilleries running if the demand was there.
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Quaich1
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PostPosted: Thu Nov 28, 2013 11:14 pm    Post subject: Reply with quote

Last year I had the oportunity to speak to and enjoy a tasting with Marc Laverdiere,
The Macallan & Highland Park Ambassador at The Edrington Group for Canada who represented Specialties:The Macallan and Highland Park Single Malt Scotch; The Famous Grouse Malt Whisky.

He really represented to me a forward thinking ambassador for a forward thinking company and it's core brands. Thus, this recent planning strategy does not surprise me.
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William
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PostPosted: Thu Nov 28, 2013 11:20 pm    Post subject: Reply with quote

I added a piece about the new Macallan distillery here:
www.scotchmaltwhisky.co.uk/macallannewdistillery.htm

I did try to get some info about the number of stills and planned output capacity of the new distillery but Ken Grier, Edrington's director of malts wasnt revealing any details
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Big Mac
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PostPosted: Fri Nov 29, 2013 4:20 am    Post subject: Reply with quote

wow this is big news. William surely they will be installing identical stills in the new distillery if they dont that would be like messing with the recipe. It is odd how they couldnt say how many stills will be in the new distillery, if they havent decided that yet they have a whole lot of planning to still do.

I could see this increasing the value of Macallan bottlings which one day may be considered bottling from the old Macallan distillery, perhaps it will have a Brora effect. Maybe i should stop drinking mine and start looking on them as an investment, on second thoughts i have no will power to stop drinking the Macallan.
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albo
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PostPosted: Fri Nov 29, 2013 8:23 am    Post subject: Reply with quote

I agree I think the bottles from the 'old' distillery could very well shoot up in value, especially if they pull the plug on that distillery and move all output to the new Macallan.

I also wonder if they do ramp up output what happens to thier cask management. They make a big thing about cask selection and ensuring they only have the best of the best etc. Ramp up the output and that has to suffer surly?
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Mark
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PostPosted: Fri Nov 29, 2013 4:24 pm    Post subject: Reply with quote

Great to hear of this amount of investment and job creation but I am surprised they can simply build a new distillery and declare it as the Macallan. And it is odd that they wont make any comments on the stills in the new distillery, are they changing the size of them and dont want to comment.

albo i believe distilleries such as the Macallan with such a high use of sherry casks often pay sherry producers to mature sherry in casks so they can then use them for their whisky
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