According to the Euromonitor data, the high company’s share in the beer market does not guarantee a large profit. Thus, Sobeco controls 46% of the Vietnamese beer market, its revenue in 2014 amounted to 30.000 billion dongs and net profit to 4,000 billion dongs. At the same time, VBL controls 18.2% of the market, but its profit is estimated at 6.200 billion dong. (more…)
Thai Beverage Logistics has sold its 64.66-per-cent stake in soft drink maker Sermsuk Pcl to So Water Co Ltd for 9.97 billion baht ($277 million), according to Sermsuk’s statement to the Stock Exchange of Thailand (SET). (more…)
Shares of liquor companies such as United Spirits, United Breweries, Tilaknagar Industries, Jagatjit Industries, Empee Distilleries and Pincon Spirit fell 0.5-2.5 per cent, after the Supreme Court upheld Kerala’s policy to go “dry” in 10 years. (more…)
Diageo is planning to open a manufacturing plant in Bali in a few months to produce its alcohol-free drink Guinness Zero. This is in line with the company’s new strategy in Indonesia, the world’s biggest Muslim-majority country, where drinking alcohol is a sin. (more…)
At the recent conference, Nguyen Hong Linh, CEO of Hanoi Beer Alcohol & Beverage Joint Stock Corp. (Habeco) said that he had been disappointed by cooperation with a strategic partner Carlsberg Group. (more…)
Brewing is the fastest growing area of activity of Masan Consumer Holdings. On 26 December 2015, in Hau Giang Province the company opened a new brewery with the designed capacity of 100 million liters per year. (more…)
Myanmar Beer commands about two thirds of the country’s beer market by volume. And the firm has not sat complacently on its market dominance — like other state-backed firms. MBL has moved swiftly to overhaul both its image and products. (more…)
British alcoholic beverage company Diageo has introduced a nonalcoholic version of its famous Guinness beer in Indonesia called Guinness Zero. The new beverage was launched exclusively for the Muslim-majority country after the government banned the sale of beer in convenience stores in April. (more…)
Competition is heating up between China’s top two breweries. And with the country coming off its first-ever year of declining beer sales, the battle to win more customers has an air of urgency to it. (more…)
Dutch beer giant Heineken is set to become the first world-renowned manufacturer to set up a production base in East Timor, a small Southeast Asian nation formally known as Timor-Leste. (more…)
