SINGAPORE: APB’s group revenue rises 20% in first nine month of 2011
Asia Pacific Breweries Ltd (APB) on Thursday announced a Group profit before interest and taxation (PBIT) of S$478.5 million for the nine-month period ended 30 June 2011. (more…)
India. United Breweries’ Sheikhawat Says Beer Is ‘Socially Acceptable’
Samar Singh Sheikhawat, vice president of marketing at United Breweries Ltd. (UBBL), comments on the growth of the mild beer market in India. Sheikhawat spoke in a phone interview from New Delhi. (more…)
SAB Appoints Former Mvelaphanda CEO As Executive Director
The South African Breweries Limited has appointed Yolanda Cuba to its board as Executive Director: Development and Decision Support. (more…)
AUSTRALIA/NEW ZEALAND: Lion experienced tough market conditions during H1
Lion, owned by Kirin Holdings, announced its trading update for the half ended 31 March 2011. The company said, it continues to pursue its strategy of investing in its people and a focussed portfolio of high potential brands to drive sustainable results in the long term. Business integration is progressing to plan, with the business uniting under one trading name, Lion, since the conclusion of the half. (more…)
USA: Cargill reports earnings drop 7% in Q4 2011
Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)
Heineken completes acquisitions of two breweries in Ethiopia
Heineken N.V. today announced that it has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for US$85 million and US$78 million, respectively. These transactions follow Heineken’s participation in the public auctions for the two breweries. (more…)
AB InBev cautious over challenging times in U.S.
Anheuser-Busch InBev
Brazilian beer market is forecast to increase
Premium beer, which currently accounts for 5% of sales in the Brazilian beer market, is expected to increase its share by 3% to 8% in 2012. (more…)
India. United Breweries launches super-premium beer Heineken
United Breweries introduced locally brewed and botted Heineken lager in Mumbai and Pune this month and will roll it out across 7-10 other markets by the year end, the company said. (more…)
SABMiller preparing new Foster assault
Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)