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4-2017

Global hop market

A local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms. 

Hop Market in Russia

Germany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.

drinktec

Molson Coors Makes New Appointments

Molson Coors has announced that Bill Waters, 42, has been named the Company's new Chief Corporate Strategy Officer, reporting to Kandy Anand, President of Molson Coors International (MCI). Waters has been with Molson Coors for nearly twenty years serving in various senior roles across the finance team including CFO of Coors Brewing Company, Vice President of Finance for MCI, as well as other roles in corporate planning and commercial finance. A search is underway to identify Waters' replacement in his current role as Controller and Chief Accounting Officer.
Waters will assume his new role once a suitable successor as Chief Accounting Officer has been identified. Therefore, he will continue to serve in his current role and be responsible for the preparation of the company's financial statements, including its upcoming Annual Report on Form10-K.
Molson Coors also announced today that Christine Watkins has been appointed to lead the company's internal audit function, reporting to the CFO and the Audit Committee of the Board of Directors. Watkins is an accomplished financial professional with more than fifteen years of senior management experience across operations, strategic planning, and financial analysis and reporting at leading consumer packaged goods companies. Watkins, 44, assumes the role, effective February 28, 2011.
Most recently, Watkins served as Director of Operations for Starbucks in the southeast region leading the strategic and operational plans for over eighty Starbucks stores. Earlier in her career at Starbucks, she served as the Financial Director for the company's east division in the United States. Prior to her time at Starbucks, Watkins was Director of Finance for Coca-Cola's southeast region and national logistics, and also served as Director of corporate consolidations, planningandanalysis.
Peter Swinburn, President and CEO of Molson Coors stated, "This is an exciting time for the company and we recognize the importance of having the right people in the right roles at the right time. On behalf of our Board and the leadership team, I want to congratulate Bill on this exciting new opportunity and welcome Christine to the company. I look forward to working closely with both of them as they take on these critical responsibilities for the company."
25 Jan. 2011

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