Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

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.

Molson Coors CEO’s pay package shrinks in 2010

The CEO of Molson Coors Brewing Co. saw the value of his pay package shrink 13 percent in 2010 as the brewer dealt with falling beer sales.
Peter Swinburn's total compensation was valued at $7.1 million for the fiscal year. That's down from $8.1 million the year before, according to an Associated Press analysis of a regulatory document filed this week.
Most of the decline was accounted for by shrinking stock awards, which fell 34 percent to $2.3 million.
Swinburn's base salary totaled $941,667, 8 percent higher than in 2009.
Molson Coors gave him a nearly $1.9 million performance-based cash bonus, 10 percent lower than the one he was given in 2009. His compensation also included $1.5 million worth of options awards, up 10 percent from the prior year.
He also received $384,368 in other compensation, which includes perks such as sports tickets, a car allowance and parking allowance. That's up 41 percent from the year before.
Swinburn, 58, took over as the company's CEO and president in July 2008 when then-CEO Leo Kiely left to lead operations of MillerCoors, the company's joint venture with SABMiller's U.S. unit.
Molson Coors, based in Denver, has struggled with falling beer sales for some time and increasing costs for ingredients. The company earned $707.7 million, or $3.78 per share, for its most recent fiscal year, down from $720.4 million, or $3.87 per share, in fiscal 2009. Its annual revenue rose to $4.7 billion from $4.4 billion.
The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year. The AP formula does not count changes in the present value of pension benefits. That makes the AP total slightly different in most cases from the total reported by companies to the Securities and Exchange Commission.
The value that a company assigned to an executive's stock and option awards for 2010 was the present value of what the company expected the awards to be worth to the executive over time. Companies use one of several formulas to calculate that value. However, the number is just an estimate, and what an executive ultimately receives will depend on the performance of the company's stock in the years after the awards are granted. Most stock compensation programs require an executive to wait a specified amount of time to receive shares or exercise options.

18 Apr. 2011

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×