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Laphroaig Distillery, Islay, Scotland

This evening, I am focusing on Laphroaig whisky distillery at Port Ellen, Islay, Scotland, one of eight distilleries operating on the island.

Laphroaig has a long history dating back to its founding in 1810. For most if its history, Laphroaig was owned by a local family of tenant farmers and distillers named Johnston. From the 1960s onwards Laphroaig fell into the hands of drinks industry conglomerates and today is owned by Fortune Brands of the U.S. Other facts and information concerning Laphroaig:

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Aberdeen (aka The Granite City) has experienced the fastest rise in house prices during 2006 when the rise was 27pct to an average GBP172,000 ($327,000). Aberdeen was also the only Scottish entry in top 20 best performing locations in the U.K.

Behind Aberdeen ranked Kilmarnock and Motherwell with 25pct rises. Edinburgh is the most expensive location in Scotland with an average price of £203,000, up 12pct.

Aberdeen’s real estate has benefited form a strong local economy, especially the energy sector.

The average home in Scotland now costs nearly 4 times the average household income.

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Official 2005 statistics reveal that that food and drink is the most important export category with whisky accounting for about 86pct of that sector thus emphasising the importance of the ‘water of life’ to Scotland’s economy.

Out of the total GBP18.6M ($ 36bn) of exports, food and drink accounted for GBP3.6BN with otther sectors contibuting as follows: Chemicals GBP1.8bn; Office Machinery GBP1.7bn; Business services GBP1.6bn; and media equipment GBP1.3bn.

Exports in 2005 were up GBP900M on 2004. The U.S.A. was the most important single country destination accounting for GBP2.1bn ($4.0bn) of the total.

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Read more on Scotch Whisky and the Scottish Economy…