San Miguel 2011 Net Profit PHP17.5 Billion; Down 13%

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San Miguel Corp. (SMC.PH) said Wednesday its 2011 net profit declined 13%, as larger extraordinary gains in the previous year offset the surge in revenue due to the conglomerate’s diversification into energy-related businesses. (more…)

Discontent grows against AB InBev bonuses

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* Politicians and unions criticise executive bonuses
* CEO set to gain 144 million euros from bonus scheme
* A further 39 AB InBev executives set to gain
* AB InBev hits debt target two years early (more…)

Romanian beer market stabilized in 2011

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After decreasing for two consecutive years, the Romanian beer market stabilized in 2011 at 17 million hl, the same level as a year before, according to the Brewers of Romania Association. Total sales amounted to EUR 1.7 billion, a similar value to the one reported in 2010. (more…)

Plze?sk? Prazdroj appointed new Marketing Director

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Grant McKenzie (37) was appointed Marketing Director at Plzensky Prazdroj in March 2012. He comes to replace Tom Verhaegen following Tom’s promotion to the position of Managing Director at Royal Grolsch – a major brewery in the Netherlands. (more…)

drinktec brews its own beer

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The drinktec team has been having a go at brewing. The result is an ingenious combination of malt and hop varieties rounded off with a note of orange in a “bockbier” christened “Orange Spirit by drinktec Biermanufaktur”. (more…)