A slump in international sales means that Coca-Cola is set to
switch its focus to the China market in an effort to sustain
growth. The company said that with current economic growth
continuing apace, China should be its third biggest...
High energy costs bite into margins for the number one pectin
player CP Kelco with the company passing the prices onto the
market, announcing increases for a range of hydrocolloids in its
portfolio.
Ukraine's largest malt house is to receive more than €9 million in
outside funding to double its production capacity - helping French
company Soufflet to dominate the region and make the factory a
stable source of income for...
Month-on-month growth for Tate & Lyle's zero calorie sweetener
combined with a faster than expected decline in European cereal
prices helped the UK firm post a high single-digit rise in profit
for the first half of the year,...
The Danish Brewery Group, Denmark's second largest beer maker, has
strengthened its position in the Baltic markets through the
acquisition of a controlling stake in Lacplesa Alus, Latvia's
number three brewer.
Glenmorangie, one of Scotland's best-known single malt Scotch
whisky producers, has ended its two-month search for a buyer. The
new owner of the company will be Moet Hennessy Louis Vuitton
(LVMH), the French luxury goods group,...
Nestlé Waters, the world's largest bottled water company, is taking
a tough stance on the future of the Perrier mineral water business
- either productivity increases or we sell the company.
Coca-Cola has at last settled a five-year European Union antitrust
case by promising to scrap controversial retail discounts and by
agreeing to share more display space with rivals.
Chr Hansen breaks into the lucrative Chinese market constructing
its first production facilities to provide more flexibility to
serve the burgeoning local food industry, reports Lindsey
Partos.
French food group Danone has reported steady if unspectacular
growth for the third quarter of the year, with poor weather in much
of northern Europe impacting sales compared to last year's
heatwave-boosted performance.
RosSpirtProm, Russia's state-owned alcohol producer, is to be
privatised next year in a two-phase operation expected to garner
interest from a wide range of drinks companies. But with many of
the distilleries within the group...
Aluminium and packaging giant Alcoa has reported flat third-quarter
earnings, with a 20 per cent jump in primary metal prices offset by
higher energy and raw material costs, and various production
disruptions.
Asahi Breweries has cancelled plans to sell beer in plastic
bottles, sending a wake-up call to manufacturers and governments
across the globe to get their recycling operations in order.
Dutch brewing giant Heineken has increased its stake in Russia's
rapidly growing beer market for the second time in three months,
underlining the competition among big brewers to exploit the
potential of this newly crowned nation...
China's beer market - the biggest in the world - is continuing to
consolidate into the control of just a handful of major companies,
but while international brewers have certainly been quick to stake
their claims, there are still...
The European Commission has fined French dairy Groupe Danone and
Dutch beer giant Heineken €2.5 million for colluding to control the
wholesale beer market in France.
Three major European brewing companies are competing to purchase a
small brewery in the previously unexplored region of Russia's far
east, as the scrap to profit from one of the world's
fastest-growing beer markets hots...
A re-vamped, state-of-the-art factory, which can produce 50,000
bottles of soft drinks every hour, has just been opened by Polish
soft drinks company Hoop, giving the company the perfect platform
to penetrate European markets, writes...
After rejecting an $800 million offer for its juice business from
Northland Cranberries early last year, US co-operative Ocean Spray
has decided the time is right to enter into an agreement with its
rival.
Global packaging group Rexam, the world's leading beverage can
supplier, has acquired the 50 per cent shareholding it does not own
in the Mexican beverage can business, Vitro-American National Can
SA de CV (VanCan), from its...
A new company dedicated to developing and manufacturing coating
modules for use in beverage filling machines has been created
through an alliance of SIG Corpoplast and technology group Schott.
UK developer and marketer of high-nutrition food and drink
products, Nutrinnovator today reported on trading for the last six
months and confirmed its future focus on functional food and
beverages.
Shares in the world's largest beverage company, Coca-Cola, have
sunk to their lowest price for 16 months after the soft drinks
giant forecast that it would make less money than expected in the
second half of 2004, blaming poor...
SABMiller's Chinese joint venture, China Resources Breweries, has
acquired the Chinese brewing interests of Australian-based Lion
Nathan, which entails three breweries in the populous Yangtze River
Delta Region. After losing...
Poland is set to become the prime international market for Heineken
as Grupa Zywiec reports booming sales and profits for the first
half of the year. A strategy focusing on one brand for each beer
segment and concerted efforts to...
The Serbian Privitisation Agency says that all the current bids for
mineral water bottler Knjaz Milos will fail because they are too
low, a fact that is likely to lead to a second round of more heated
bidding. And with interest in...
Major international brewer InBev says that the rapid growth of its
interests in the China market have been one of the key factors that
has helped it achieved a 5.5 per cent growth in its net profits for
the first six months of the...
International brewery giant Anheuser-Busch is predicting double
digit returns for shareholders this year, citing strategic growth
in the booming China market as one of the main reasons.
Serbia appears to be flavour of the month for investors, as the
race to bag the country's leading mineral water bottler, Knjaz
Milos, intensifies following a late but serious bid from Serbian
national and LA Lakers basketball...
Plans to sell German food ingredients business Nutrinova are on
hold as chemical company Celanese opts to keep the producer of
Sunett sweetener, for now.
The European Union said yesterday that the proposed settlement
between Coca-Cola and the European Commission to end a long-running
antitrust case has still not been finalised.
Polish soft drinks manufacturer Hoop, a significant player in the
European soft drinks market, has announced a drop in profits for
the financial year 2003 following an increase in expenditure
related to the enhancement of production...
The sale of shares in Serbian mineral water bottler Knjaz Milos has
attracted considerable attention from a succession of foreign
companies, with France's Group Danone, Cayman Islands registered
FPP Balkan, Hungarian-based Jaminca...
Baltika
continues its strong performance in the Russian beer market after
announcing a double digit increase in its sales volumes for the
first six months of the year. But increased expenditure on
advertising and packaging...
Duvel Moortgat, the Belgian brewing group, has sold its fruit juice
operation Freya's Deli Fruit to compatriot Konings for an
undisclosed sum, a move precipitated by the need for urgent
investment in the company.
Australian alcoholic beverages group Foster's has been denied what
could have been a magnificent turnaround by a poor showing from its
wine trading division during the 12 months to June 2004. A glut of
wine in the US - and the...
China Resources Breweries Limited, an associate of South
African-based SABMiller and a subsidiary of China Resources
Enterprise, is set to invest $82.2 million (€68m) in the
construction of a new brewery in the city of Dongguan, in...
Rexam, the world's largest manufacturer of drinks cans, has managed
to avoid the impact of higher raw material costs through canny
business decisions such as relying on the buying power of its
largest customers, writes Anthony...
Swiss processing and packaging equipment provider SIG has reported a
significant increase in its net profits for the first half of the
year, a result that sees the company pulling itself out of the red.
The improvement came despite...
Glenmorangie, the UK's most popular malt whisky brand, is on the
verge of changing hands, with the confirmation today that the
company's leading shareholders, the Macdonald family, are looking
to offload their shares.
Singapore-based http://www.apb.com.sg/Asia Pacific Breweries (APB)
has continued its steady sales growth for its operations in the
region, after returning third quarter results that pushed the
company's revenue for the first...
Japanese functional food ingredients firm Taiyo Kagaku is set to
increase its share of global green tea sales with the recent
acquisition of Chinese green tea extract manufacturer Wuxi Green
Power Bio-Product.
The Macallan, the third largest single malt Scotch whisky brand in
the US, has introduced The Macallan Fine Oak as part of a concerted
strategy to consolidate its position in the North American market.
Heineken has
today confirmed that it has acquired 100 per cent of the Russian
group Central European Brewing Company (CEBCO), giving it a
controlling stakes in two of Russia's leading brewery facilities.
Italy's antitrust authority says that it has fined packaging giant
Tetra Pak €95 million for not respecting a ban it had imposed in
Aug 1993, which barred Tetra Pak from acquiring Italpack.
Slight growth for Danish enzymes giant Novozymes in the first half
of the year with Europe providing steady returns but US market
knocked by the popular low carbohydrate diet that has hit the
baking industry.
Packaging firm Krones has reported increased sales for the first
half of 2004, but the return on sales has been hit by the steep
increases in raw material prices.