Spring cleaning
Diageo has announced the closure of its Park Royal Brewery (built in 1936) in London and the transfer of production to its St James’ Gate Brewery in Dublin. This signals the withdrawal of locally produced Guinness from the UK. To cope with the extra two million hl of output, Guinness will invest GBP15 million in the St James’ Gate site to expand its capacity to six million hl. The Park Royal brewery will close in summer 2005 and 90 jobs will be lost. Materially speaking, the proceeds from selling the land to a property developer will probably more than cover the costs of closure and the investment in Dublin. Guinness’ UK beer volumes fell three percent in the second half of 2003 and seven percent in Ireland.....
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