US. Mankato Brewery acquires plant, expects to produce beer by September
Mankato Brewery has acquired a building that once housed a beer distribution company and hopes to begin producing beer by September. (more…)
AB InBev beer sales drop on Brazil rain, U.S. jobs
Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, suffered a first drop in beer sales for a year and half as price hikes, rain in Brazil and high U.S. unemployment deterred drinkers. (more…)
SABMiller Board Management Changes
SABMiller plc announces that Malcolm Wyman, Chief Financial Officer, has confirmed his intention to retire from the company at the end of August 2011, and he will stand down from the board at the forthcoming AGM on 21 July 2011. (more…)
MillerCoors Increases First Quarter Profits
Brewer Drives Net Revenue Growth and Positive Brand Mix, While Trend Improvements Continue for Premium Lights (more…)
Asahi Breweries 1Q Group Net Profit Y3.64 Billion Vs Y4.00 Million
Asahi Breweries Ltd. (2502.TO) said Thursday its net profit surged during the fiscal first quarter ended March 31, as lower advertising outlays canceled out a special loss caused by the March 11 earthquake and tsunami. (more…)
Russia. Baltika Breweries Announces Share Buyback
The buyback will be carried out in accordance with the procedure of buying back shares, as stipulated by the Board of Directors. All shareholders (owners of ordinary and preference shares) can participate in the procedure, regardless of the number of shares they hold. (more…)
China. Tsingtao Brewery first quarter profit up 40 pct
China’s Tsingtao Brewery posted a 40 percent increase in first quarter net profit on higher sales, as its distributors stocked up ahead of increases in the prices of it beer products. (more…)
US. IPAs Up 42% YTD
The latest four-week and year-to-date craft brewer sales scan data is out from Symphony IRI Group (SIG) today. The top two craft beer “styles,” pale ale and “seasonals,” both showed nice growth of just under 9 percent by dollars in the grocery, drug and convenience channels. (more…)
2011/12 barley output slightly revised down to 136 million tonnes
The International Grains Council (IGC), an intergovernmental organisation concerned with grains trade, revised its global 2011/12 barley production forecast down to 136 million tonnes (previous forecast 137mln t; 2010/11 124 mln t). (more…)
India. United Breweries Q4 puts net at Rs 40 cr
United Breweries Q4 result today reported a net profit of Rs 40.09 crore for the quarter ended March 31, 2011. (more…)