San
Miguel has started construction of a new beverage manufacturing
facility in Java, Indonesia, as part of its aim to further expand
its operations beyond the domestic Philippines market and into the
Asia Pacific region.
Sun Interbrew has confirmed the sale of its 99 per cent stake in
OJSC Bavaria to the brewery management for an undisclosed sum, in a
deal that goes against the companies policy to continue its rapid
expansion onto the Russian beer...
Cheaper sugar ingredients could be on the way for food makers as
rumours continue to circulate about the proposed new rules to the
EU sugar regime that could open up the protected European market,
prompting Danish sugar giant Danisco...
UK ingredients maker Tate & Lyle faces paying out a hefty sum
as the sweetener firm seeks to settle a US lawsuit alleging that
its US unit AE Staley played a role in fixing the price of high
fructose corn syrup, a sweetener used...
Interbrew has acquired a 70 per cent controlling interest in
Zhejiang Shiliang Brewery Company, located in the Yangtze Delta,
strengthening its leading in China's Zehjiang province.
The less than sparkling, but stable, full year results for Danish
ingredients giant Danisco mirror the current state of play for
ingredients companies in today's market marked by squeezed margins,
higher raw material prices and...
Owens-Illinois (OI) has received approval from the European
Commission for its previously announced acquisition of BSN
Glasspack, a move that will make the firm the largest glass
container manufacturer in Europe.
US food and beverage giant PepsiCo has installed a primary business
platform from SAP to unify its operations, standardise its
processes and increase efficiency across all its divisions.
Stora Enso's Russian subsidiary Stora Enso Packaging VR has
inaugurated its second Russian corrugated packaging mill at Arzamas
in the Nizhny Novgorod Region, situated some 400 kilometres east
from Moscow. The mill has been built...
The San Miguel Corporation has signed an approval of a license to
produce beer in Thailand, a deal that will allow the entry of the
Philippines-based brewer's beer brands into the fast-growing Thai
beer market.
COFCO Coca-Cola Beverage said it has begun construction of a $12
million new production facility in Lanzhou's high technology
district, in the central western region of China.
Efes Breweries International (EBI) has confirmed that it will float
on the London Stock Exchange, following a 57 per cent growth rate
over the last two years.
Competition in the Australian beer market has been stepped up with
the announcement that wine and beer group Lion Nathan will make and
sell and Heineken Lager in Australia through a joint venture with
the global Dutch brewer.
Campari, the global player in the spirits sector, has reported an
acute increase in sales for the first quarter of 2004. The weak US
dollar had an affect on the company's results but it witnessed good
organic growth spurred on...
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
Interbrew, the leading global brewer, has posted a sharp increase
in sales for the first quarter of 2004. The performance of its key
global brands, Stella Artois and Beck's, helped the group to
achieve an organic growth of 11...
Last year's stockpiling of bottled water in advance of the Iraq war
had a beneficial effect on first quarter sales at Nestlé Waters,
the Swiss-based bottled water group, but meant that this year's
figures showed a significant...
Cobra Beer is probably the UK's best known Indian beer brand, with
its outsized bottles gracing the menus of Indian restaurants the
length and breadth of the nation. But despite its Indian heritage
and image, the beer is not...
Sunny Delight, the much-maligned soft drink from Procter &
Gamble, is to be sold to a US-based private equity group as part of
P&G's decision to focus on its snacks and coffee units.
In order to ensure sustained improvement, packaging giant Krones
yesterday proposed the conversion of non-voting preference shares
into Krones ordinary shares. The company believes that the
liquidity of the Krones stock will be enormously...
Burgeoning Irish food ingredients group carves deeper into the US
market announcing it will buy into fast growing 'lifestyle'
beverages through the acquisition of two US companies, Oregon Chai
and Extreme Foods.
InterContinental Hotel's is to dispose of its juice drinks company
Britvic. Pepsi who owns a minority stake in the company has vetoed
the disposal in the past - but this time observers estimate that
the company could be sold...
A tight focus on core wine and spirit brands helped French luxury
goods group LVMH combat the persistent effects of adverse currency
exchange rates in 2003.
The biggest South American and European brewing groups have today
announced a merger which will catapult them into the number one
position in the global brewing rankings and further quicken the
pace of industry consolidation.
Beer giant Carlsberg plans to reduce debt before completing further
acquisitions. The company has said that after the debt is better
managed investment in the Balkans and in China may be on the cards.
US federal investigators are investigating Coca-Cola's dealings
with Japanese company Takasago International in connection with
allegations of channel stuffing. It is alleged that the beverage
giant overstated financial results...
Belgium based brewers Interbrew, and Carlton and United Breweries
(CUB), have signed a distribution agreement which enables CUB to
import, distribute and market Interbrew's global specialty brands -
Leffe and Hoegaarden.
Baltic Beverages Holding has revealed its full year 2003 and fourth
quarter results, showing the company has continued to maintain its
growth in the maturing beer market.
Baltic Beverage Holding (BBH), the Russian company that is jointly
owned by S&N and Carlsberg, is planning to invest £34.2 (€50m)
million in the Ukraine in a move that is hoped to improve the
company's market share in the...
AG Barr, the Glasgow-based manufacturer of soft drinks, including
the Irn-Bru, Tizer and Orangina brands, said that it is expecting
to end fiscal 2003 on a high, helped by the hot summer weather.
Asconi, one of
the largest eastern European producers of wines and spirits, is to
buy new grape processing and winemaking equipment for its Puhoi
winery to help it meet growing demand for its products.
eSkye Solutions, the US-based provider of specialised software for
the beverage industry, has this week acquired compatriot Blend
Winery Software (BWS), adding a number of major wine producers to
its growing portfolio of clients.
Competition in European flavours heated up this week as Cargill,
the largest private company in the US, signed on the dotted line
for UK flavours group The Duckworth Group (TDG).
Last year was a tough one for French closures and barrels group
Oeneo, formerly
known as Sabaté Diosos. But the company ended the year with results
in line with expectations as restructuring efforts at both the
closures and...
Azucarera Ebro, the Spanish food group, and its compatriot
Intermalta, a malt producer, have created a new company called
Maltacarrion which will specialise in the production of malt for
the brewing industry.
Coca-Cola and Pepsi's worldwide dominance of the soft drinks
industry relies on an efficient and reliable global supply network.
While Coke has been busy awarding its best suppliers, Pepsi has
been looking at opportunities that...
French beverage group Castel is clearly confident of future growth
in Russia and the CIS. The company recently announced that it is to
invest heavily in BIH Brasseries Internationales Holding (Eastern),
its holding company in Armenia,...
Japanese brewing giant Asahi is the latest foreign company to try
and crack the Chinese beverage market. The firm has teamed up with
Japanese trade firm Itochu and leading Chinese packaged food and
beverage producer Tingyi in a bid...
Norwegian packaging firm Elopak is confident that the recently
completed partnership agreement with Dutch company Variopak will
reinforce the group's position within the European liquid food
packaging market. This sector has...
Seguin Moreau, the cooperage business which belongs to French
closures company Oeneo (formerly known as Sabaté Diosos), has
unveiled a major new strategy to help it cope with the changing
demands of the modern business climate.
Carlsberg Breweries has again increased its shareholding in
thePolish brewer Carlsberg Okocim through the acquisition of a
further 6 per cent of its share capital.
Following its failure to attract investment from French food giant
Danone, Russian dairy and juice producer Wimm-Bill-Dann has had its
Standard & Poor's rating downgraded from stable to negative.
S&P said it had made...
International food processor Cargill is set to construct a $50
million malt plant in Tula Oblast of Russia. Company spokeswoman
Irina Kalygina told the Russian Vedomosti newspaper that the
corporation is looking into the possibility...
UK-based packaging firm Rexam announced today that it is to close
its aluminium can end manufacturing plant in California, USA. The
company claims that the move is designed to bring its beverage can
and end making capacity into line...
The Coca-Cola Hellenic Bottling Company (CCHBC) has finally
announced the completion of its acquisition of the Austrian mineral
water company Römerquelle. The acquisition involves production
facilities at Edelstal and Pöttsching and...
