New distillery near completion on St. Croix
ST. CROIX, American Virgin Islands -- The Cruzan Distillery, currently the island's lone such facility, soon will be joined by one owned by Diageo USVI.
Diageo said today that construction of its rum distillery and barrel warehouse is nearing completion, and is on schedule to become operational by January 2011. Construction began last August.
It will have the capacity to distill up to 20 million proof gallons of rum for Diageo's Captain Morgan brand per year, and is expected to generate an estimated $130 million in new tax revenue for the Virgin Islands government.
Go here for a report on my visit to the Cruzan distillery.
In June 2008, Governor John P. deJongh, Jr. and Diageo USVI jointly announced a public-private initiative for the construction and operation of a high capacity rum distillery, part of a 30-year commitment to provide a major economic stimulus for the USVI, which includes St. Thomas and St. John.
Beginning in 2012, the distillery will supply all rum used to make Captain Morgan branded products for the U.S. market. The brand is the world's second largest seller.
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Posted by William M. Dowd at 10:44 AM