09 May 2008
By: Jamie Coggans
Diageo's €650 million (£250m) investment in a new Irish brewing centre will be the company's largest in its ten-year history but will be accompanied by closures and redundancies elsewhere in the business.
Paul Walsh, Diageo chief executive, said the state-of-the-art brewery near Dublin represented “the single biggest capital investment made by Diageo in its supply infrastructure since the company's creation ten years ago”. The drinks company's development proposal would also include the rejuvenation of its long standing St. James' Gate brewery. “[This investment]...
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