Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
Analysis of beer market in China
China’s transition to a “new normal” reality backfired on the brewing industry unexpectedly. Stagnation and subsequent market decline resulted from dynamic social and economic changes. There has emerged a “two speed” market where the medium class significance is growing, yet the share of main beer consumers, “blue collar” is decreasing. Also the inflow of consumers is shrinking, as demographics stopped being a growth driver. Finally, beer is giving way to other alcohol drinks....
Pentair Announces Acquisition of Union Engineering
As an established leader in carbon dioxide management and recovery with its Haffmans brand, the addition of Union Engineering’s technologies and service capabilities reinforces and expands Pentair’s offerings within the Industrial Gas, Food & Beverage and Biogas Upgrading sectors.
“Pentair is committed to providing innovative solutions that help build a safer, more sustainable world,” says Daniel Stirpe, Pentair Vice President, Process Technologies. “Reducing carbon dioxide emissions and utilizing renewable energy sources are global challenges which Pentair addresses with its carbon dioxide capture and reuse and biogas upgrading solutions, and the addition of Union Engineering’s solutions and services will provide customers greater access to innovative solutions and a wider and complimentary product portfolio.”
Jens Thшger Hansen, partner in Capidea and former chairman of Union Engineering adds: “We are pleased to have reached an agreement with Pentair as the two companies complement each other well in a number of areas. We believe that Union Engineering, under Pentair, will continue the positive development and have an even stronger foundation in the market for carbon dioxide equipment for the benefit of both customers and employees going forward.”
Union Engineering employs approximately 185 people, and has sales offices in China, Brazil and the United States. The seller is the Danish private equity fund Capidea and a number of minority shareholders. The partly owned subsidiary Airco Diet A/S is not part of the transaction and is still owned by Capidea and a number of minority shareholders.
1 Feb. 2017