Emperador Sets P4-B Capex for 2025

Tycoon Andrew Tan's global brandy and whisky conglomerate Emperador Inc. is spending P4 billion this year to support expansion initiatives as the company gears up for continued growth over the coming years.

- By Richmond Mercurio

The bulk of Emperador's capital expenditures budget will go into its whisky business, primarily for the ongoing expansion of its Dalmore distillery in Scotland.

Emperador president and CEO Winston Co said the company's Dalmore distillery expansion would be finished in the second half of the year.

"This is envisioned to double the brand's production capacity while also providing a new visitor experience," he said.

Emperador is also expanding its whisky maturation complex at its Invergordon distillery, doubling its footprint to 92 hectares from 45.4 hectares.

The expansion will enable the grain distillery to house an additional 1.5 million casks of maturing whisky.

"All this effort will ensure the capability of the whisky business to meet greater global demand for single malt and blended whiskies in the long term," Co said.

During the company's annual stockholders' meeting yesterday, Co said that Emperador is "optimistic of the long-term view."

"In fact, looking five years from today, we are very excited. We believe that the global business will continue to grow next year. And when we look at the five-year horizon, we are very excited," he said.