New York, Dec. 22 (Jiji Press)–Suntory Global Spirits Inc. will halt production of its bourbon whiskey Jim Beam for a year at its distillery in the U.S. state of Kentucky amid falling demand, it was learned Monday. The weak demand followed U.S. trade disputes with many economies due to the high tariffs imposed by U.S. President Donald Trump’s administration. During the halt, Suntory Global Spirits, a U.S. unit of Japanese beverage giant Suntory Holdings Ltd., will invest for site improvement, a statement said. Facilities for other purposes, including craft whisky production, will continue to operate. This year, U.S. whiskeys met with a consumer boycott in Canada over Trump tariffs. In addition, increasing health consciousness is sapping demand for alcoholic beverages. Suntory Holdings acquired U.S. whiskey maker Beam Inc., now named Suntory Global Spirits, for 1.6 trillion yen in 2014. END [Copyright The Jiji Press, Ltd.]
Suntory to Halt Jim Beam Distillery in Kentucky for Year
Related Posts
Japan to Resume Bilateral Economic Aid for Syria after 15 Years
Tokyo, Dec. 23 (Jiji Press)–The Japanese government said Tuesday that it will resume bilateral economic aid for Syria after 15 years of suspension. Through its official development assistance scheme, Japan plans to support the Middle Eastern country, now led by the interim
Japan to Test Deep-Sea Extraction of Rare-Earth Mud
Tokyo, Dec. 23 (Jiji Press)–The Japan Agency for Marine-Earth Science and Technology said Tuesday that it will conduct a test to excavate the deep seabed off Minamitorishima, a remote Tokyo island, and collect clay-like sediment rich in rare earths. The test, to
