Jim Beam outlines expansion to ramp up bourbon production
Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery. The more than $400 million expansion was outlined Wednesday and it aims to meet growing global demand for the world’s top-selling bourbon. Beam Suntory says the project will increase capacity by 50% at the Beam plant in Boston, Kentucky. It says greenhouse gas emissions will be reduced by the same percentage. The company says the expansion will be used to produce two mainstays — Jim Beam white and black label bourbons. And the project will mostly support expected sales growth overseas, especially in European and Asian markets.