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Diageo invests £1bn in whisky

Guinness owner Diageo has unveiled plans to invest £1bn in Scotch whisky production over the next five years, creating nearly 1,000 jobs.

Diageo, which produces Scotch brands Bells, J-amp;B and Johnnie Walker among others, said it plans to build a new distillery and expand a number of its existing 28 distilleries. The company will also create new warehouse space.

The group said the proposals would create 100 Diageo jobs, around 250 construction roles and up to 500 positions from the "knock-on effect" on the Scottish economy.

Diageo chief executive Paul Walsh said: "Scotch whisky is a significant manufacturing export industry in the UK, driving domestic investment and job creation through our success in exporting to high growth markets around the world."