SUBSCRIBE

Breaking News on Beverage Technology & Markets

News > Manufacturers

Crown upbeat about 2010 as can volumes rise

Crown Holdings is upbeat about growth prospects for 2010 after global beverage can volumes rose markedly in the first quarter.

Government finances pose a threat to alcoholic drinks sector

Moody’s has warned that recovery in global beverage volumes could be held back by governments turning to alcohol as a means of raising revenue.

News in brief

Tata Tea and PepsiCo ponder healthy drink venture

PepsiCo and India-based Tata Tea have announced their intention to set up a joint venture to make healthy, non-carbonated beverages.

Coke investment may force Innocent to grow up

Coca Cola has upped its stake in healthy smoothie maker, Innocent, to 58 per cent in a non-disclosed move one analyst said followed the gradual erosion of Innocent’s once vibrant...

Exal Group taken over

Exal Group, the world’s largest specialty maker of aluminium containers, has been acquired by a private equity group led by Canadian investors the Ontario Teachers’ Pension Plan (OTPP).

Comment

Making the food industry fair for SMEs

No race should have rules that favour the strongest competitors. But unless the capabilities and interests of SMEs are taken into consideration before the starting gun is fired for new...

News in brief

Commission clears Wild share sale to KKR

The European Commission has given clearance for the acquisition of shares in German flavour and ingredients firm Rudolf Wild by asset manager KKR.

Krones posts first loss in nine years as equipment demand slumps

Krones has fallen into the red for the first time in nine years as demand in the packaging machinery market slumped worldwide by more than 25 per cent.

Diageo and Bacardi step up war of words over rum subsidies

A row between rum rivals Diageo and Bacardi escalated last week with the publication of a 13-page statement from Diageo accusing its competitor of leading a hidden campaign to sabotage...

PepsiCo accepts Dr Pepper firewall to close bottling deal

PepsiCo has agreed to set up a ‘Chinese wall’ to ensure that the acquisition of its two largest bottlers does not jeopardise competition with rival Dr Pepper Snapple.

Coke unveils plan to buy most of its largest bottler

Coca-Cola has revealed plans to buy the bulk of its largest bottler following a similar move from rival PepsiCo last year.

Carlsberg beats Heineken on beer volume and profits

Brewing giants Heineken and Carlsberg have struggled through a tough year for beer and reported a mixed set of financial results.

Brewers brace themselves for Russian beer tax hike

Carlsberg and other big brewers operating in Russia are turning to premium products to protect themselves from a massive hike in excise duty on beer.

Rexam warns of beverage can weak spots

Rexam has warned that beer taxes in Russia and specialty can uncertainty may hold back its European beverage can sales in 2010.

News in brief

Diageo’s ‘other’ drinks outperform its priority brands

Diageo has reported that its group of priority brands performed worse than other brands in the latest quarter as consumers turn to cheaper options.

Kirin and Suntory break off merger negotiations

Plans to merge Kirin and Suntory and create a Japanese drinks powerhouse have fallen through as the companies fail to agree on terms.

News in brief

Unilever boosts year with promos and ads

Unilever has reported strong end of year sales on the back of a Q4 advertising drive, with particularly good progress in reestablishing volume growth in Western Europe.

Britvic drinks to sales success

Britvic has published revenue growth of 5.6 per cent for 2009 prompting some analysts to suggest that the soft drinks business is in a position to expand more aggressively.

Wild sells shares, plans global reach and IPO

Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour...

Comment

Cheesed off – jingoism takes the spoils in the Cadbury battle

Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk...

Bad weather in China contributes to flat SABMiller volumes

SABMiller has reported disappointingly flat beer sales as South African volumes continue to slide and heavy snow and wet weather suppress Chinese demand.

Heineken buys up FEMSA beer business

Heineken has acquired the beer operations of the Mexican drinks giant FEMSA in exchange for a 20 per cent share in the Dutch brewer.

News in brief

US listed Chinese fruit juice firm plans investment

SkyPeople Fruit Juice plans to use subsidies from the Chinese government to expand R&D facilities and invest in new processing equipment.

Tea prices could prompt over-supply, warns FAO

Record world tea prices in 2009 could cause some tea producers to plant more crops and lead to eventual oversupply to the market, the FAO warns.

Olam takes 20 percent stake in PureCircle

Olam has increased its stake in stevia company PureCircle to 20 percent, citing strong growth prospects for the company, and making PureCircle an associated company of Olam.

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...