India. UB board to keep faith in Vijay Mallya, for now
Says willing to come back to India if govt assured him safe passage (more…)
Heineken cites profit pressure in China
Heineken says China is not a great market for beer profits. (more…)
Vietnam. “When I saw that 94% of the total alcohol consumption is beer, I was really shocked”
At Heineken Financial Markets Conference (Ho Chi Minh City, 11 May, 2016) there were made several detailed reports on Heineken strategy in Asia Pacific region as well as on the current state of Vietnam beer market. Below you will find a fragment of Vietnam market overview, represented by Leo Evers, Managing Director of Vietnam Brewery. Ltd (Heineken N.V.). (more…)
India. Will continue to grow ahead of the market: Shekhar Ramamurthy, MD, United Breweries
In an exclusive interview with ET Now , Shekhar Ramamurthy , MD, United Breweries , also says that alcohol prohibition in the country has never worked and ultimately states will have to revoke ban. (more…)
India. Maker of Kingfisher beer witnesses 13.5% growth in profit in FY16
United Breweries Ltd makes public the directives it has received from the Debts Recovery Tribunal, Bengaluru, and from the income tax authorities in the city relating to one of its directors (more…)
India. Prohibition in Tamil Nadu, once again?
With growing calls for a ban on liquor, political parties have pledged to follow through, but it may not be so simple (more…)
Thailand. ThaiBev’s net profit jumps 30% to $333m in Q1
Thanks to contributions from spirits, beer segments. (more…)
China. AB InBev to plan launching new brewery with capacity of 1.5 mln tons in Fujian province
In Putian City, Fujian province the construction of Ab InBev new project is in full speed. In the nearest future, one of the largest in Asia state of art breweries will be opened in Tianjin Binhai Industrial Park Hanjiang. (more…)
Myanmar Brewery to boost beer output to slake domestic thirst
Myanmar Brewery will ramp up its beer production capacity by about 10% to keep up with increasing local consumption amid economic growth. (more…)
India. United Breweries: Q4 numbers to be impressive
United Breweries Ltd, one of the leading distilleries in India, will announce its financial results on May 13 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net profit is expected to surge to Rs. 73 crore, at a rate of 52.1% yoy and 1.4% qoq. (more…)