Carlsberg shares hit by Russia beer sale woes
Shares in Danish brewer Carlsberg A/S (CARLb.CO) slid on Wednesday on worries that its largest single market, Russia, could pass a law that would severely restrict beer sales. (more…)
Shares in Danish brewer Carlsberg A/S (CARLb.CO) slid on Wednesday on worries that its largest single market, Russia, could pass a law that would severely restrict beer sales. (more…)
The world’s fourth largest brewer Carlsberg is positioning strong beer in the premium segment, a market so far restricted to mild beer. The Danish company will brew Carlsberg Elephant, a super premium beer to bet on strong beer which accounts for the lion’s share of the market. (more…)
On 20 June 2011, Baltika Breweries completed accepting registered share buyback applications. (more…)
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…)
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…)
“Slavutich” company starts cooperation with a domestic producer of hops. The company will purchase the first batch of the Ukrainian granulated hops in the amount of 678 kg (alpha acid) from “Schedry Urozhay” agricultural firm. The volume of the batch being purchased makes up 2.5% of “Slavutich” annual demand in hops. (more…)
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…)
Carlsberg recently announced that is has changed the recipe of its lead brand. As part of its rich heritage in scientific discovery and the continuous aim to improve the quality of its beer, a new strain of barley, Null-LOX barley, has been developed and is being rolled out across Carlsberg’s markets. (more…)
Danish brewer Carlsberg stands to own 90% of its India operations as Sri Lanka . investor Lion Brewery Ceylon sells its stake to focus on the Sri Lankan beer market. The buy out, subject to shareholder nod, would enable Carlsberg own twice the stake it held before. (more…)
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…