Russia. Baltika Breweries share buy-back oversubscribed
On 20 June 2011, Baltika Breweries completed accepting registered share buyback applications. (more…)
Carlsberg: Russia Growth Back on Track
The Russian beer market is showing signs of recovery this year, but brewers are suffering from rising costs following last year’s poor harvest in Russia, which is leading to price increases for consumers, said Carlsberg A/S Chief Executive J?rgen Buhl Rasmussen. (more…)
Carlsberg sees Russia beer market up 3-5 percent
Danish brewer Carlsberg (CARLb.CO) expects Russia’s beer market to grow 3-5 percent in the medium term as the economy recovers and drinkers switch to beer from vodka, its CEO said on Thursday. (more…)
Stella Artois unveiled a new design for the brand’s full line-up of cans
When possible, Stella Artois should be served in its signature chalice glass, which showcases its rich, golden colour while releasing the beer’s flavour and aroma. The new Stella Artois Chalice Can is inspired by the iconic Stella Artois chalice glass, and the secondary packaging for can packs has also been updated to complement the new can design. (more…)
Russia. Baltika Breweries Held Annual General Shareholder Meeting
At the Baltika Breweries Annual General Shareholders’ meeting, held on 15 June 2011, the agenda included the approval of the company’s financial statements and dividends for 2010, the election of management bodies, and the approval of related-party transactions. (more…)
Russia beer sales suffering tax hike
In a bar in the heart of St Petersburg, widescreen TVs show a match between local football team Zenit and Bayern Munich, two giants of European football – but this is not the only thing these two cities have in common. (more…)
Russia. Summer, New Brands to Give Beer Market Boost
There’s a hiss, a rush of bubbles, golden liquid fills up the glass, and a good head of foam forms. “This was made just two days ago. It’s fresh,” says Masaru Hemmi, chief brewer of Japan’s Kirin Ichiban, checking the side of the bottle and proffering the glass. (more…)
Russia. Barley and malt
Malt: still at the bottom Records of Federal Service of State Statistics show that in 2010 malt production decreased by 4% and comprised 1 011 thousand tons. Despite the decrease, this trend could be considered positive for malt manufacturers, as it denotes stabilization after a prolonged setback in production which was persisting since 2007. Taking into consideration poor harvest which resulted in malting barley deficiency and, at the same time, a perceptible increase in tradable malt output in autumn 2010, it is possible to suggest that there developed a balance between supply and demand. In 2010 beer production decreased to the extent, comparable with malt output, by 5%, but its slight growth is expected in 2011. At the time of writing, beer production was already showing signs of recovery, although the dynamics of the first quarter does not yet indicate any trends. The fact is that from September to December 2009 brewing enterprises required additional volume of malt, and at the beginning of 2010, due to the drop in production and negative expectations, large volume of malt was not necessary any more. It is obvious that this slight movement was connected with the fact that distributors stocked up on additional beer…
Carlsberg CEO downplays threat of Russian PET beer bottle ban
The head of Carlsberg has downplayed a proposed ban on PET beer bottles in Russia, adding that he thinks it is not likely to become law.
Russian deputy Viktor Zvagelsky introduced a bill earlier in the year that now includes a proposal to ban sales of PET beer bottles by January 1, 2013. (more…)
Senior politician puts future of PET in Russian beer market in doubt
Russia is threatening to ban sales of PET beer bottles but a new report from Pira indicates that the global popularity of the plastic among brewers is on the increase. (more…)