Change language:
The Swansea distillery in Penderyn, built on the historic site of Hafod Morfa Copperworks, has “temporarily suspended production” due to economic conditions.
CEO Stephen Davies said the production shutdown is due to several factors, including rising alcohol taxes in the United Kingdom, the ongoing crisis accusation and the “general economic downturn. “
Swansea has an annual capacity of 400,000 litres of natural alcohol per year.
Penderyn’s remaining distilleries (at Brecon Beacons and Llandudno) have annual capacities of 400,000 litres and 100,000 litres respectively.
Davies said the company still produces “globally” 500,000 litres of natural alcohol a year.
Your email will arrive shortly
The Swansea distillery, funded by a £3. 8 million ($4. 9 million) lottery grant, opened its doors last year. The site also houses a guest center.
In 2022, Davies told Just Drinks that the Swansea site would “focus on the production of whisky, a blend of single malts and mixed malts, and also give us the opportunity to create other styles”.
It is still open to visitors and its corporate events and masterclasses are running as normal.
Penderyn ships to more than 40 countries, with France being its largest market. China, along with Germany and the United States, make up what Davies called Penderyn’s “four key export markets. “
The Welsh Whiskey Co. recorded a cash inflow of £23. 1 million ($30 million) for the year ending August 31, 2023, up from £19. 6 million last year. The distiller recorded a profit of £1. 2 million in its 2023 financial report, stable from the previous year.
Consult all the newsletters of the GlobalData Media network.